Daily Bars
Prepared by Jamie Saettele
“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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