USDCHF: Elliott wave analysis and forecast for 17.12.21 – 24.12.21
Main scenario: consider long positions from corrections above the level of 0.9081 with a target of 0.9506 – 0.9680.
Alternative scenario: breakout and consolidation below the level of 0.9081 will allow the pair to continue declining to the levels of 0.8924 – 0.8768.
Analysis: In the daily timeframe, the first descending wave of a larger degree (1) of 5 must have completed, and a correction continues developing as the second wave (2) of 5, with wave С of (2) unfolding inside. The third wave of smaller degree iii of C has formed, a correction has finished as the fourth wave... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jteRb
