A friend of mine asked me to chart "swissy" for him as its not in my watchlist
I see it as a large sideways consolidation marked with white W-X-Y
The extremes of wave W set the boundaries of the range between 1.0344 on the top
and 0.7070 on the bottom
Currently, wave X is in its final stages and has broken down into a smaller
w x y x z (blue) corrective structure
The last wave z down is expected to complete in the final wave c (yellow)
of a lower degree to retest the bottom of the range around 0.7070
After that, large wave Y (white) should kick off toward the opposite side of the range
retesting the peak at 1.0344
I see it as a large sideways consolidation marked with white W-X-Y
The extremes of wave W set the boundaries of the range between 1.0344 on the top
and 0.7070 on the bottom
Currently, wave X is in its final stages and has broken down into a smaller
w x y x z (blue) corrective structure
The last wave z down is expected to complete in the final wave c (yellow)
of a lower degree to retest the bottom of the range around 0.7070
After that, large wave Y (white) should kick off toward the opposite side of the range
retesting the peak at 1.0344
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.