USDCHF - Forex Majors | Elliott Wave Patterns | November 2019
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
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
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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.