USDCHF: Elliott wave analysis and forecast for 26.11.21 – 03.12.21

Main scenario: consider long positions from corrections above the level of 0.9241 with a target of 0.9506 – 0.9680. 

Alternative scenario: breakout and consolidation below the level of 0.9241 will allow the pair to continue declining to the levels of 0.9078 – 0.8924.

Analysis: the descending first wave of larger degree (1) of 5 is presumably formed on the daily chart. A correction continues developing as the second wave (2) of 5, with waves A of (2) and В of (2) formed and wave С of (2) forming inside. The third wave of smaller degree iii of C is formed,... Read full author’s opinion and review in blog of #LiteForex