USDCHF: ELLIOTT WAVE FLAT CORRECTION/DOUBLE TOP...
Greetings traders and investors from around the World.
Just a quick look at the price chart of USDCHF, we are currently trading just below the high of 14th July and the price chart appears to be taking the shape of a flat correction as is evident from the three wave decline from the high to the low of 11th August. The subsequent rally also appears to take the shape of a three wave rally and is bound within a corrective price channel.
Moving forward, be on the look for reversal as we begin to trade around the July high once again.
If this interpretation is correct, we should see a fast and dramatic reversal typically in a five wave sequence back to the low of August.
As always don't forget to leave a like and comment.
Trade safe and may the market favours you.
Love
MAOnimisi
Just a quick look at the price chart of USDCHF, we are currently trading just below the high of 14th July and the price chart appears to be taking the shape of a flat correction as is evident from the three wave decline from the high to the low of 11th August. The subsequent rally also appears to take the shape of a three wave rally and is bound within a corrective price channel.
Moving forward, be on the look for reversal as we begin to trade around the July high once again.
If this interpretation is correct, we should see a fast and dramatic reversal typically in a five wave sequence back to the low of August.
As always don't forget to leave a like and comment.
Trade safe and may the market favours you.
Love
MAOnimisi
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