The flag formation in the fourth wave.

FX:CHFJPY   Swiss Franc / Japanese Yen
5 0 0
After the spike on SNB depegging, market has completed a 3-5-5 correction; which is a bullish sign. Moreover, I believe that this pair will start a five wave up impulse from this location. There also a probability of completing a full five wave pennant before the impulse move.
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