This article is about the recent USDCHF market update, which shows an incomplete bearish sequence in USDCHF since October 2022 and December 2016 highs. In simpler terms, there has been a decrease in USDCHF value that has not yet reached its end. This decrease will be extended lower and bounces (temporary increases) will fail in 3, 7 or 11 swings. After rallying for three waves in the first blue box area, the pair found sellers and reacted lower to eliminate risk on their shorts. A new blue box area has now been established, and USDCHF is expected to experience a double three Elliott wave advance.
By James
