USD/CHF= Wave 4! Sell the bat/shark pattern now and lose your $$
Technicals:
* Wave 2 retraced to the 0.618% and the 3rd wave extended to 1.618%. (This is literally the definition of a 5 wave impulse).
* We had a zigzag correction in wave two so now we can expect a flat or triangle from wave 4 (Rule of Alternation).
* Since wave three is extended we can expect equality from waves 1 & 5. We are also in a channel that meets the projected end of wave 5... Coincidence?! No! Its Elliot!
* Wave 2 retraced to the 0.618% and the 3rd wave extended to 1.618%. (This is literally the definition of a 5 wave impulse).
* We had a zigzag correction in wave two so now we can expect a flat or triangle from wave 4 (Rule of Alternation).
* Since wave three is extended we can expect equality from waves 1 & 5. We are also in a channel that meets the projected end of wave 5... Coincidence?! No! Its Elliot!
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