USDCHF Long Elliot wave

Mar 17, 2021

The pair seems to have almost completed wave 4 and now we're looking for it to complete the 5th wave which will possibly be an Impulse wave or Ending Diagonal. I've indicated the area where the market might reverse( 50% to 61.8% of 3rd wave). The market might go through the stops or not trigger the buy limits since there isn't much confirmation on reversal trade and if that does happen, I'll be looking to place trend based trades as the pair goes higher for the completion of the 5th wave( Im or ED).

Mar 28, 2021

Comment

the 5th wave of the bigger impulsive wave is an impulsive wave which is currently doing its 4th wave then after the retracement price will go higher to complete smaller 5th wave, maybe even hit tp3 as suggested, Then I'll be looking to trade the corrective wave that'll form after the larger 5th wave