Nov. 8th – USDCHF

I want to present you with a slightly different count than prof. Aldo presented last week, just to make you aware of alternatives. It sees the (1) slightly over to the right, where it has now formed a A, a triangle for B and either working, or has finished C. The expectation is the same, for prices to come down on our expected wave (3). We would expect C to reach the 38% level that would also co-inside falling into wave 4 so for now I have not labeled wave C of (2) as in place. If we see a 8 wave structure to the downside, or the previous bottom is taken by an impulsive move down, we will call (2) as in place and (3) as started.
For now, we wait for either of these signals.