🌀 USD/CHF Elliott Wave Count – Building for Wave (5) 🚀
Chart Analysis – May 13, 2025
I'm tracking a well-structured 5-wave impulse on USD/CHF using Elliott Wave Theory, supported by Fibonacci confluence, Awesome Oscillator (AO) momentum shifts, and convergence-divergence signals.
🔹 Elliott Wave Count
We're currently in the corrective phase of Wave (4) after a strong Wave (3) extension. Here's the breakdown:
✅ Wave (1), (2), and (3) are clearly in place, with (3) showing healthy extension.
🔁 Wave (4) is pulling back and is now testing key support.
🔜 Anticipating a bullish Wave (5) continuation.
🔹 Key Fibonacci Levels & Buy Zone (Zone 1)
Wave (4) is approaching a high-probability reversal zone:
Zone 1 Buy Area: 0.8362 – 0.8341, marked by:
1.618–1.786 Fibonacci extension
Confluence with previous breakout structure (resistance turned support)
Classic Elliott correction depth for Wave (4)
This zone provides a strong technical base for a potential bounce into Wave (5).
🔹 Awesome Oscillator (AO) + Convergence/Divergence
AO confirms the wave count momentum:
Strong green bars during Wave (3)
Bearish red bars during Wave (4) correction
Potential bullish convergence forming:
Price is making lower lows
AO is showing higher lows – this is bullish divergence, a classic pre-Wave (5) signal
This momentum shift suggests buyers are returning, even as price dips into support — a strong signal for trend continuation.
🎯 Bias, Target & Invalidation
Trade Bias: Bullish
Buy Zone: 0.8362–0.8341 (Zone 1)
Wave (5) Target: 0.8470 – 0.8500 (based on Wave (1)-(3) projection and previous high)
Invalidation: Break and close below 0.8341 suggests deeper corrective structure or invalid wave count
✅ Summary
This setup combines:
Elliott Wave 5-impulse structure
Fibonacci confluence at key buy zone
Bullish divergence on AO supporting Wave (5) potential
Strong risk-to-reward opportunity from Zone 1
📉 Waiting for confirmation via bullish price action or stronger AO green bars before committing. Let me know your view or alternate wave counts!
#elliottwave #usdchf #wave5setup #fibonacci #awesomeoscillator #divergence #priceaction #forexanalysis #tradingview
Chart Analysis – May 13, 2025
I'm tracking a well-structured 5-wave impulse on USD/CHF using Elliott Wave Theory, supported by Fibonacci confluence, Awesome Oscillator (AO) momentum shifts, and convergence-divergence signals.
🔹 Elliott Wave Count
We're currently in the corrective phase of Wave (4) after a strong Wave (3) extension. Here's the breakdown:
✅ Wave (1), (2), and (3) are clearly in place, with (3) showing healthy extension.
🔁 Wave (4) is pulling back and is now testing key support.
🔜 Anticipating a bullish Wave (5) continuation.
🔹 Key Fibonacci Levels & Buy Zone (Zone 1)
Wave (4) is approaching a high-probability reversal zone:
Zone 1 Buy Area: 0.8362 – 0.8341, marked by:
1.618–1.786 Fibonacci extension
Confluence with previous breakout structure (resistance turned support)
Classic Elliott correction depth for Wave (4)
This zone provides a strong technical base for a potential bounce into Wave (5).
🔹 Awesome Oscillator (AO) + Convergence/Divergence
AO confirms the wave count momentum:
Strong green bars during Wave (3)
Bearish red bars during Wave (4) correction
Potential bullish convergence forming:
Price is making lower lows
AO is showing higher lows – this is bullish divergence, a classic pre-Wave (5) signal
This momentum shift suggests buyers are returning, even as price dips into support — a strong signal for trend continuation.
🎯 Bias, Target & Invalidation
Trade Bias: Bullish
Buy Zone: 0.8362–0.8341 (Zone 1)
Wave (5) Target: 0.8470 – 0.8500 (based on Wave (1)-(3) projection and previous high)
Invalidation: Break and close below 0.8341 suggests deeper corrective structure or invalid wave count
✅ Summary
This setup combines:
Elliott Wave 5-impulse structure
Fibonacci confluence at key buy zone
Bullish divergence on AO supporting Wave (5) potential
Strong risk-to-reward opportunity from Zone 1
📉 Waiting for confirmation via bullish price action or stronger AO green bars before committing. Let me know your view or alternate wave counts!
#elliottwave #usdchf #wave5setup #fibonacci #awesomeoscillator #divergence #priceaction #forexanalysis #tradingview
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.
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.