ThePennyStalker
Short

Potential Opportunity for a Short - Elliot Wave Continuation

OANDA:USDCHF   U.S. Dollar / Swiss Franc
On the daily chart we have what appears to be the start of the third wave of a 5 wave structure. I expect this to continue bearish down to 0.9525 area which I am expecting to see a small bullish retracement up to the 0.9615 area before we continue in the original direction of the trend down to somewhere between the 0.9300 area and the 0.9400 area which has been an area of support back in 2015.

No trading, just stalking.
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