CHF index, dont write it off until channel breaks. More Upside?
Updated
The CHF has successfuly retested its wedge but has been unable to accelerate higher. Given the current small time pattern, I'd expect a small move up followed by a second retest of the support zone.
Should the pass of least resistance still be the upside, the uptrend should then resume.
Should the pass of least resistance still be the upside, the uptrend should then resume.
Note
A closer look on a 4H chart at the patterns at play. I'd expect a retest of the high before breaking the rising channel for a second test of the support.Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.