EverythingForex

USDCHF: Confusion To Clarity. In Other Words, IDK To MIK!

FX:USDCHF   U.S. Dollar/Swiss Franc
492 0 28
Ok, first for those that are scratching your head as to what is IDK and MIK? No, they are not some new tech terms. IDK = I Don't Know and MIK             = Maybe I Know. And that is where I stand with this pair. Nothing to hang my hat on for the time being but this is what I think is happening....

In this current 4HR chart, I’ve mad some changes to my wave count and outlook based on the current price actions. I now believe that the initial move up was a completed 5-wave wave A. Prices are now working its’ way through the wave B and that wave B is unfolding in a complex manner. Most likely in a WXY pattern with an ending triangle. That triangle is still in development and right now in its’ leg D. Once that is done, leg E down will complete the triangle and see an end to the wave B.

There is a POTENTIAL Bat that is still waiting to be completed.

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