The slope of the modified schiff is pretty valid and what we see in this 240min USDCHF chart, is price testing a slide parallel which acted several times as support previously. From that point we might see an explosive upmove, ending the correction has been moving.
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.