FX:USDCHF   U.S. Dollar / Swiss Franc
366 24 8
Buy near 0.95626.
Howdy, Hope your starting off with a great week ~~~~~
What do you think of the idea that, giving the time and breadth
of the previous corrective waves, shouldn't this current projected
wave 4 also subdivide into 3 waves instead of just the 1 wave
you have labeled ? Or, are you thinking the principal of alternation
is at work in this case ?
Thanks for your thoughts !!!!!
Reply
IvanLabrie dojitrader
Based on what has happened so far, it's starting to look like we're on a zigzag's wave B right now. Would comply with the rule of alternation, being a steeper decline than the sideways nature of wave 2. Sandeep?
+1 Reply
EWA IvanLabrie
Reply
NickCoulby IvanLabrie
My sentiment is with Ivan's perspective-- Currently look to be finishing up Wb of B
Reply
IvanLabrie NickCoulby
It just looks off to be an impulse...more like a zigzag to me eyes.
Reply
EWA IvanLabrie
Ivan we got the green light to go long now.. even closer
(Bullish Divergence, bullish engulfing)
+1 Reply
I was thinking in terms of proportion, given the size of the decline after the high, this would have to be a big flat or zigzag move down. I'll wait for the completion of a corrective pattern.
+1 Reply
IvanLabrie IvanLabrie
There's a huge fib cluster resistance at .95626 btw...I think it'll rebound from there or slightly below then down to previous degree's iv. Matching that ab=cd symmetry I have in my chart above.
+1 Reply
EWA IvanLabrie
Smaller degree wave 1 and 2 completed within wave 3, I will buy one more lot after breaking out of this channel.. All my stops are very tight so if it failed to move up I will wait for the corrective pattern to complete that you mentioned here.
Thank you for sharing your ideas.
+1 Reply
Likewise, we all enrich our views by sharing...can't always be right ;) I have sell stop and limit sells going atm, so I won't lose if I don't get hit.
+2 Reply
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