Analysis of wave counting:
At the beginning of yesterday's trading, the pair USD / CHF resumed the downward movement, having lost about 60 percentage points and reached the level of 0.9735 at the end of the day. At the same time, it can be assumed that the currency pair still remained in the formative stage of taking the increasingly complex form of the 3rd wave, 3rd, 1st, C. If this is so, then, practically from the last days minimum, the currency pair can continue the growth of quotations in the direction of the level of the 99th figure.
Targets for the option with an upward wave:
0.9872 - 100.0% of Fibonacci
Goals for the downward wave option:
0.9700 - 0.9720
General conclusions and trading recommendations:
Now, wave counting is not entirely unambiguous. The increase in quotations may resume within the first wave in the composition of the future C with a target of about 0.9872, which is equivalent to 100.0% of Fibonacci. The entire internal wave structure of wave C assumed a very complicated form. Within the framework of the corrective wave in composition 1, a slight decrease in the area from 0.9700 to 0.9720 has begun and may continue in C. The upward corridor preserves the prospects of building an uptrend section of the trend.