USDCHF: Elliott wave analysis and forecast for 12.11.21 – 19.11.21
Main scenario: consider long positions from corrections above the level of 0.9098 with a target of 0.9368 – 0.9506.
Alternative scenario: breakout and consolidation below the level of 0.9098 will allow the pair to continue declining to the levels of 0.9016 – 0.8924.
Analysis: a descending first wave of larger degree (1) of 5 is presumably formed on the daily chart. A correction continues developing as the second wave (2) of 5, with waves A of (2) and В of (2) formed and wave С of (2) forming inside. The third wave of smaller degree iii of C has formed,... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jYzxv
