dojitrader

Trying To Catch A Potential Wave 3 Short ????

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
131 views
3
This idea started with a discussion with MrTD
Interesting to see that price is back up near the top channel line again.

At the very least this is extremely low risk as any price action
above the invalidation line negates this analysis.
The Bat Pattern has been activated but, I'm looking for one more
little high about 1.0110/15 to complete a 5 wave C, so , it's
possible I might miss this trade altogether.
Wave 2 in Elliott Wave is allowed to retrace 100% of wave 1
but, you don't actually see it done very often.

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