dojitrader
Long

EWave Principal of Alternation Suggests 4th Wave Zig Zag Long ??

FX:USDCHF   U.S. Dollar / Swiss Franc
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Anticipating a zig zag looking 3 waves into the .382/.500 fib retracement
for a final 5th wave up to slightly new highs.
(if analysis would label the mess of a 2nd wave as a triangle-not common for a 2nd wave)
[[[ The principal of alternation being - whatever wave 2 completes, price action
should be the opposite in wave 4, such as, if wave 2 is a zig zag wave 4 is likely
to be a flat or triangle or if a triangle then a zig zag]]]

There - the bigger trade will be the potential for larger
corrective price action, perhaps, as big a retracement
as down toward the .9300 area.
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