Analysis of wave counting:
Having failed to determine the direction of the movement yesterday, the pair USD / CHF held within a fairly narrow price range, trading near the level of the 97th figure. At the same time, it can be assumed that the currency pair continued to make attempts to complete the 2nd wave and mark the beginning of the third wave, as part of the future C. At the same time, as noted earlier, the currency pair retained the potential to resume the decline in quotations and further complicate the internal wave structure of the 2nd wave, in the future C.
Objectives for an upward wave option:
0.9750 - 0.9800
Objectives for a downward wave option:
0.9616 - 38.2% by Fibonacci
0.9582 - 50.0% by Fibonacci
General conclusions and trading recommendations:
Wave E, B supposedly completed its construction. Now, the construction of wave C has supposedly begun, and the construction of its internal wave 1 has been completed. Thus, it is now possible to continue the decline of quotations within the framework of wave 2 and C (if it becomes more complicated) with targets located near the calculated marks of 0.9616 and 0.9582, which corresponds to 38.2% and 50.0% of Fibonacci. After the completion of the construction of this wave, it is expected to increase quotations within the wave 3 and C.