USDCHF: Elliott wave analysis and forecast for 05.11.2021 – 12.11.2021
Main scenario: consider short positions from corrections below the level of 0.9225 with a target of 0.8924 – 0.8860.
Alternative scenario: breakout and consolidation above the level of 0.9225 will allow the pair to continue rising to the levels of 0.9368 – 0.9506.
Analysis: A descending first wave of larger degree (1) of 5 is presumably formed on the daily chart, and a correction continues developing as the second wave (2) of 5, with wave B of (2) forming inside. An ascending correction is completed as wave b of B on the H4 chart, and wave v of C is... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/j1XHR
