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Figure C1.Wave counting on the daily chart. Variant 3-dz.
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Figure 1. Wave counting on the daily chart. Variant 3-dz.
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Supposedly in the framework of scenario 3-dz an upward zigzag structure is developing. If the supposition is true the weakening of the US dollar (the decline of USD/CHF) should be expected in the near term.
Which of the variants given in the forecast the price will chooses depends on the depth of the expected price decline.
For more detailed wave counting on smaller time-frames and parameters of possible trading plans refer to daily reports.
Reference
Dmitry Voznuy
forDmitry@yahoo.com
November 30, 2008
When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
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