Swiss Franc Move in 3 Waves Thus far – 9184 is Key
60 Minute Bars
Prepared by Jamie Saettele, CMT
The USDCHF decline from the high (9315) is in 3 waves at this point. An extended decline into 5 waves would be evidence that a more important top is in place. Exceeding 9184 would create overlap with waves 1 and 4 and suggest that the decline was indeed corrective and the USDCHF is headed to new highs.
Trend Strength (M,W,D) – 0, 1, 0
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