USD.CHF - prepairing to go south?

FX:USDCHF   U.S. Dollar / Swiss Franc
The (orange) pendulum swing is in play.

Blue CL             , Grey A&R, Black U-MLH = nice confluence.

Price is producing "air" between the last bars, shifting to the right so nothing is in it's way to go down to the (black) centerline(?)
Free Mini Crash Course:

TradingView Blog:
When you say "Air" do you mean the "Space from the last bar highs to the red dotted market "CRACK" line? Just want to clarify
forker Timing is key
Yes. When markets create a new high or low, then it needs time to build the turn...eating up time and createing space between the higher bars and the turning bars. Between the higher & turning bars you have free space, which i call air a air bubble in between.
+2 Reply
A correction, yes. Makes perfect sense.
In elliott wave terms, the correction duration is important as well.
In time at mode terms, we can observe it to time the duration of the next leg.
It's interesting when I see confluence with timing in key's charts.
I'd like to know what you guys think of eurusd right now, and usdjpy, if you have some time.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out