EUR/CHF 1.20 breakdown & strong Recovery (Nikita FX )

FX:EURCHF   Euro Fx/Swiss Franc
1113 5 4
Everybody is watching this, so I would give you some ideal wave image.
Shortly wedge rebound just after a little bit breakdown thru 1.20 line will be occurred,
and Final B wave drop is coming after wedge consolidation. But Situation is still being above
the Pink zone (one of bullish breakout pattern), therefore next C wave goes up to long term
ex-supportive line (which is now a resistance line)

How is that ?

Nikita FX ( )
how come you seems totally to neglect that SNB had officially stated that the button is 1.2000 ... i simply don't get this ... normally your analysis are much more nuanced.
Thanks for your comment. Well, Central Bank's manipulation itself is nuanced, I would say...
Look at Elliott wave counting. Since 1.6828 (2007.Oct.08), only wave 3-sub-5 bottom at 1.0067 (2011.Aug.08) to me....What will you do if the present wave is still 4-sub-B ?
1.20 deadline is nonsence to me.
+1 Reply
Thanks for the answer. I understand your theoretical point, but think the reality is different in this case. So, i am afraid that you are wrong in this situation. But lets us see :) .. Interesting ...
How is your trading account pmks1?
That is exceptionally good analysis - right in the money.
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