dojitrader
Short

Bat Pattern Reaches Fibs and Resistance Zone

FX:USDCHF   U.S. Dollar / Swiss Franc
127 0 2
Large resistance zone is centered by a Bat pattern
{{Gartley has been triggered}}
the .618 rib retracement and the 1.618 fib ext of A to B.
Possibly a little RSI divergence and the DMI has been
in the decline for this latest upside move.
Low risk and C to D looks to be in 5 waves suggesting
a small, If not large, correction is at hand.
If this is only a B wave in a larger correction, perhaps,
a good place to short for wave C of 4 ?
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