USD/CHF - Elliott Wave Technical Analysis Structure & Degree: Primary Degree Y (pink) Complex Structure, Double Three - Intermediate (W) (turquoise): Zig-Zag within Minors ABC (blue) - Intermediate (X) (turquoise): Simple Flat within Minors ABC (blue) Semi-Impulsive Minor A (blue) Sharp Correction in Minor B (blue) Ending Diagonal in Minor C (blue) Current Position & Pattern: - Ending Diagonal in Minute V (green), final wave of Minor C (blue) Expected Swing: - Intermediate (Y) (turquoise), Bearish Structure Technicals & Confirmations: - Double Top on Intermediate (W) (turquoise) starting points - 78.6% or 88.6% Fibonacci Retracements of Intermediate (W) (turquoise) - 100% or 127.20% Fibonacci Extensions of Minors A & B (blue) - 61.8% or 100% Fibonacci Extensions of Minutes i & ii (green) - Bearish Divergence at Resistance - Bearish Harmonic Structure
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.