USD/CHF gave us impulse, it is well known that correction follows soon after impulse. But the main question we have to ask ourselves is "will the market correct any further than this or shall we see impulse resume?'" Impulse - Correction - Impulse
The answer to that is to follow the cycle, waves tell us something different, we expect to see further correction down south at list 50% of previous impulse structure following ending 5th wave of 12345 correction. (Pin bar at 5th wave - Price rejection)