Nov. 9th – USDCHF

Not too much to add to yesterdays update and it still stands. However I do want to point your attention to the fact that the move from our (2) down so far can be seen as a 3 wave move. This gives room for the possibility of a larger triangle with B still in progress, working on ((d)) and ((e)) before the last leg up for C that could reach the expected 50% level and 4 of a lesser degree. This count also has a lot going for it and I added the labeling in RED. Breaking of the key support level as marked on the chart would invalidate this red count.
So for now, we have to wait until we can confirm a count and have more proof of our expectation.