USDCHF: Elliott wave analysis and forecast for 24.12.2021 – 31.12.2021
Main scenario: consider short positions from corrections below the level of 0.9376 with a target of 0.8924 – 0.8768.
Alternative scenario: breakout and consolidation above the level of 0.9376 will allow the pair to continue rising to the levels of 0.9506 – 0.9680.
Analysis: a descending first wave of larger degree (1) of 5 is formed on the daily chart, and a correction has presumably developed as the second wave (2) of 5, with wave C of (2) formed inside. Supposedly, the third descending wave (3) of 5 has started developing on the H4 chart, with the first counter-trend wave of smaller degree... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtrB8
