I am long GBP/CHF from 1.4550 but if this count is correct a top could be forming soon. I currently have my stop at 1.4930 just below b of 5.
I have my preferred count is that we are working on a expanded flat wave II. If this is the case I have price working a wave c of B with c being an ending diagonal. For this to be valid price can not go above 1.5409. If it does wave 3 (of c) will be the shortest and therefore invalid. My preference is that we are working a final wave (c) of 5. If this is valid the next move will be down in 5 waves to complete the flat correction. This should move below 1.3809.
I have a bullish alternative labelled. If this is the case we are working a leading diagonal wave (1) of iii. In this situation 1.5409 would still be the maximum we should reach but after than the correction should be in three waves followed by a wave 3 of iii of III which would be a rapid move up. I will post further information as price unfolds.
I have my preferred count is that we are working on a expanded flat wave II. If this is the case I have price working a wave c of B with c being an ending diagonal. For this to be valid price can not go above 1.5409. If it does wave 3 (of c) will be the shortest and therefore invalid. My preference is that we are working a final wave (c) of 5. If this is valid the next move will be down in 5 waves to complete the flat correction. This should move below 1.3809.
I have a bullish alternative labelled. If this is the case we are working a leading diagonal wave (1) of iii. In this situation 1.5409 would still be the maximum we should reach but after than the correction should be in three waves followed by a wave 3 of iii of III which would be a rapid move up. I will post further information as price unfolds.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.