USDCHF: Elliott wave analysis and forecast for 24.02.23 – 03.03.23
Main scenario: consider long positions from corrections above the level of 0.9218 with a target of 0.9550 – 0.9810. Alternative scenario: breakout and consolidation below the level of 0.9218 will allow the pair to continue declining to the levels of 0.9060 – 0.8925. Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. On the H4 chart, apparently, a descending correction finished developing as wave 2 of (3), and the third wave 3 of (3) started forming. Apparently, the first wave of smaller degree (i) of i of... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider long positions from corrections above the level of 0.9218 with a target of 0.9550 – 0.9810.
Alternative scenario: breakout and consolidation below the level of 0.9218 will allow the pair to continue declining to the levels of 0.9060 – 0.8925.
Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. On the H4 chart, apparently, a descending correction finished developing as wave 2 of (3), and the third wave 3 of (3) started forming. Apparently, the first wave of smaller degree (i) of i of... Read full author’s opinion and review in blog of #LiteFinance
