Analysis of wave counting:
Yesterday, the pair USD / CHF held within a very narrow price range, remaining to the end of the auction near the level of the 94th figure. The resulting wave situation allows us to assume that the currency pair was within the wave 1, a, 4, C, (2), A, (B), trying to designate the beginning of its internal 5th wave. If this is the case, the currency pair retained the potential to resume the growth of quotations up to the level of 0.9550. At the same time, the probability of price decrease to the level of 0.9200 and the significant complication of the internal wave structure of the entire wave 3, C, (2), A, (B) has not lost its relevance.
The objectives for the option with an upward wave:
0.9478 - 38.2% of Fibonacci
0.9548 - 50.0% of Fibonacci
The objectives for the option with a downward wave:
0.9200 - 0.9100
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) once again could complete its construction, however, it may yet again complicate its internal structure and reach the 92nd figure. If the assumption of the beginning of the construction of wave 4, C, (2), A, (B) is true, then the increase in quotations will resume with targets located near the calculated marks of 0.9478 and 0.9548, which corresponds to 38.2% and 50.0% of Fibonacci.
