Swiss Franc Surges-8880 Break Would Shift Focus to 8640
300 Minute Bars
Prepared by Jamie Saettele, CMT
Bigger picture, the USDCHF rally from the August low has that 5 wave look. While each wave might not be ‘perfect’ in its individual construction, the point is that a countertrend move should be expected. Zooming in, the rally from 8880 consists of 3 waves so a drop below that level should be respected. Focus would shift to 8640.
Trend Strength (M,W,D) – 0, 0, 0
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