“An examination of the wave structure since the 2008 low reveals that the long term trend is most likely up. Think of everything since then as a massive bullish base from which the USDCHF will explode higher. In Elliott, this state is referred to as a series of 1st and 2nd waves. After plunging for weeks, the USDCHF found support near its former 4th wave extreme (circled), which is common. I am looking higher.” The next support is 10130.
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