Analysis of wave counting:
Continuing in the course of yesterday's trading pullback from the minimum reached on Friday, the currency pair USD / CHF was able to add about 60 percentage points in price and to test the level of the 94th figure at the end of the American session. Thus, it can be assumed that the currency pair remained in the stage of formation of the wave d, 4, 3, C, (2), A, (B), practically completing its internal wave b. If this is the case, then from the high of the past day, the currency pair may resume the decline of quotations in the direction of the level of the 92nd figure, or even to the level of 0.9150.
The objectives for the option with an upward wave:
0.9450
The objectives for the option with a downward wave:
0.9194 - 127.2% of Fibonacci
0.9152 - 161.8% of Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) continues its construction and becomes more complicated, within its internal wave d, 4, the decrease in quotations can continue with targets located near the calculated marks of 0.9194 and 0.9152, which corresponds to 127.2% and 161.8% of Fibonacci.
