USDCHF - Forex Majors | Elliott Wave Patterns | November 2019
USD/CHF - Elliott Wave Technical Analysis
Structure & Degree: Primary Degree Y (pink) Complex Structure, Double Three
- Intermediate (W) (turquoise): Zig-Zag within Minors ABC (blue)
- Intermediate (X) (turquoise): Simple Flat within Minors ABC (blue)
Semi-Impulsive Minor A (blue)
Sharp Correction in Minor B (blue)
Ending Diagonal in Minor C (blue)
Current Position & Pattern:
- Ending Diagonal in Minute V (green), final wave of Minor C (blue)
Expected Swing:
- Intermediate (Y) (turquoise), Bearish Structure
Technicals & Confirmations:
- Double Top on Intermediate (W) (turquoise) starting points
- 78.6% or 88.6% Fibonacci Retracements of Intermediate (W) (turquoise)
- 100% or 127.20% Fibonacci Extensions of Minors A & B (blue)
- 61.8% or 100% Fibonacci Extensions of Minutes i & ii (green)
- Bearish Divergence at Resistance
- Bearish Harmonic Structure
Structure & Degree: Primary Degree Y (pink) Complex Structure, Double Three
- Intermediate (W) (turquoise): Zig-Zag within Minors ABC (blue)
- Intermediate (X) (turquoise): Simple Flat within Minors ABC (blue)
Semi-Impulsive Minor A (blue)
Sharp Correction in Minor B (blue)
Ending Diagonal in Minor C (blue)
Current Position & Pattern:
- Ending Diagonal in Minute V (green), final wave of Minor C (blue)
Expected Swing:
- Intermediate (Y) (turquoise), Bearish Structure
Technicals & Confirmations:
- Double Top on Intermediate (W) (turquoise) starting points
- 78.6% or 88.6% Fibonacci Retracements of Intermediate (W) (turquoise)
- 100% or 127.20% Fibonacci Extensions of Minors A & B (blue)
- 61.8% or 100% Fibonacci Extensions of Minutes i & ii (green)
- Bearish Divergence at Resistance
- Bearish Harmonic Structure
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