Analysis of wave counting:
At the beginning of the Friday session, the pair USD / CHF continued the development of the downward movement, having lost more than 80 pp and reached the level of 0.9420 in the middle of the day. Thus, in connection with the release of the price for the minimum reached at the end of August, it can be assumed that the currency pair significantly complicated the internal wave structure of the wave c, c, c, e, B. If so, then the ratio between the dimensions of the waves a and c, c, c, E, B allows the currency pair to continue to decline quotations up to the level of the 93rd figure, despite the remaining potential for the turn, which in turn will mark the beginning of the future wave C.
Targets for the upward wave option:
0.9700 - 0.9800
Targets for downward wave option:
0.9395 - 76.4% of Fibonacci
0.9315 - 100.0% of Fibonacci
General conclusions and trading recommendations:
Wave counting has undergone adjustments. The wave E, B takes a more complicated form and the lowering of quotations resumed with the targets located near the calculated marks of 0.9395 and 0.9315, which equates to 76.4% and 100.0% of Fibonacci. After the completion of the construction of this wave, a long-term increase in the wave C.