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EverythingForex
18 nov 2015 01:30

USDCHF: WEEKLY CHART 

U.S. Dollar/Swiss FrancFXCM

Beskrivning

On this WEEKLY chart, I focus on the wave count for the corrective phase.

WAVE COUNT
There was a expanding triangle pattern that was completed to complete the wave B of (A). Following the completion of the expanding triangle, the wave C commenced. I'm looking at the wave C as being a 5-wave advance which follows the ABC 5-3-5 Zigzag pattern that I'm seeing this wave (A) as being.

PATTERN
I've already mentioned the expanding triangle pattern completion that launched the wave C advance that prices are now in. There is also POTENTIAL Bat which is pointing the way to higher prices still.
Mer