30 October 2018 Elliot Wave No change. USDCHF made a strong and firm recovery in September, a clear impulse which is a trend changer. We labelled a completed five-wave rally within wave 1, with current turn higher from the 0.9845 level representing sub-wave b of 2. Wave 2 is a correction, so a minimum three-wave pullback can be expected on the USDCHF, before more gains may be seen. That said, sub-wave b may be trading in final stages, so be aware of a sharp and final drop into sub-wave c as part of a bigger correction.
USDCHF Elliot Wave Chart 4 hr