Analysis of wave counting:
During the yesterday's trading, the currency pair USD / CHF continued its upward movement, having updated the maximum of February 22 (0.9410) in the afternoon and reached the level of 0.9415. The current wave situation allows us to assume that as a result of this growth in quotations, the currency pair remained in the stage of formation of somewhat more complicated wave structure of the wave c, 4, 3, C, (2), A, (B). If this is the case, then practically from the maximum of the past day, the currency pair will resume the price reduction and yet will designate the beginning of the future wave d, 4, 3, C, (2), A, (B).
The objectives for the option with an upward wave:
0.9400
The objectives for the option with a downward wave:
0.9194 - 127.2% of Fibonacci
0.9152 - 161.8% of Fibonacci
General conclusions and trading recommendations:
The currency pair continues to build a downward set of waves. The assumed wave 3, C, (2), A, (B) continues its construction, within the limits of its internal wave d, 4, the reduction of quotations may resume with targets located near the calculated marks of 0.9194 and 0.9152, which corresponds to 127.2% and 161.8% of Fibonacci.