USDCHF: Elliott wave analysis and forecast for 31.03.23 – 07.04.23
Main scenario: consider short positions from corrections below the level of 0.9340 with a target of 0.8950 – 0.8850. Alternative scenario: breakout and consolidation above the level of 0.9340 will allow the pair to continue rising to the levels of 0.9612 – 0.9810. Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downward correction presumably continues unfolding on the H4 chart as wave 2 of (3), with wave c of 2 forming as its part. Apparently, the fifth wave of smaller degree (v) of c is... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider short positions from corrections below the level of 0.9340 with a target of 0.8950 – 0.8850.
Alternative scenario: breakout and consolidation above the level of 0.9340 will allow the pair to continue rising to the levels of 0.9612 – 0.9810.
Analysis: a bullish third wave of larger degree (3) is developing on the daily chart, with wave 1 of (3) formed inside. A downward correction presumably continues unfolding on the H4 chart as wave 2 of (3), with wave c of 2 forming as its part. Apparently, the fifth wave of smaller degree (v) of c is... Read full author’s opinion and review in blog of #LiteFinance
