On the daily time frame USDCHF broke out of a 3 wave structure and is currently forming a flag above this structure. A break of this flag to the upside should indicate the start of the move which will complete the larger structure on the weekly time frame.
This smaller flag formation needs to complete either a 3rd wave down and break up or 5 waves in total before the break to the upside.
Direct message me for any assistance required
Cheers
Linton
This smaller flag formation needs to complete either a 3rd wave down and break up or 5 waves in total before the break to the upside.
Direct message me for any assistance required
Cheers
Linton
Note
The overall formation and direction remains the same with a slightly larger confirmation structure than first anticipated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.