FINALLY! The USDCHF count is clear for the first time in some while. To review; “under the preferred count, the 3 wave rally from .9647 was wave W in a complex correction. The choppy decline from above 1.06 serves as wave X and wave Y is underway now.
Expect the advance to reach 1.10 (former 4th wave and wave Y = wave W at 1.0986).” The advance from 1.0010 is in 5 waves, so expect a corrective decline back to at least 1.0326 (38.2% and former support). We’ll look to identify a low next week.
