Analysis of wave counting:
In the second half of the Friday's trading, the pair USD / CHF still resumed the decline and stopped several points from the level of the 97th figure at the end of the day. Thus, in connection with the breakdown of the minimum reached on Thursday, the emerging wave situation allows us to consider the maximum of October 6 (0.9835) as the top of the 1st wave, as part of the future C. If this is so, then in the process of development of the wave structure of the 2nd wave, C, the currency pair can continue the downward movement to the level of 0.9675, or even to 0.9630.
The objectives for the option with an upward wave:
0.9872 - 100.0% of Fibonacci
0.9950 - 127.2% of Fibonacci
The objectives for the option with a downward wave:
0.9677 - 38.2% of Fibonacci
0.9628 - 50.0% of Fibonacci
General conclusions and trading recommendations:
Now, wave counting is not entirely unambiguous. The decline of quotations may continue within wave 2 as part of the future C with targets near the estimated levels of 0.9677 and 0.9628, which is equivalent to 38.2% and 50.0% of Fibonacci. After its completion, it is expected that the quotes will resume rising within wave 3, in the C rise of the trend.