USD / CHF Analysis of Waves and Market Forecast, 13.01 - 20.01:
Sell the correction pair below the 1.0246 level with the target at 0.9945.
Rupture and price consolidation above the 1.0246 level will allow the pair to continue growth to the level of 1.0329
Analysis: The formation of the bearish correction in the quality of wave 2, which takes the form of an irregular plane, is presumably continued. Locally, it appears that the development of the wave of c 2 continues, within which the third wave (iii) is formed. If the assumption is true, it is logical to expect the pair to fall to the level of 0.9945. Critical to this scenario is the level of 1.0246
Rupture and price consolidation above the 1.0246 level will allow the pair to continue growth to the level of 1.0329
Analysis: The formation of the bearish correction in the quality of wave 2, which takes the form of an irregular plane, is presumably continued. Locally, it appears that the development of the wave of c 2 continues, within which the third wave (iii) is formed. If the assumption is true, it is logical to expect the pair to fall to the level of 0.9945. Critical to this scenario is the level of 1.0246
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