Replies to post #80293 on Simple's Green Room

[pennies2007]

I see that...looks good for a pop to the topside soon.

[pennies2007]

Git, we may be looking at another leg down on USD/CHF yet.

I went back to the overall wave count and it adds up. This long drawn out sideways movement has been an expanding triangle. We had a fairly sharp Wave 2 so this sideways movement would be expected.

It's wrapping up right here with this last pop to the topside.

Methinks Wave 5 down is still coming. Kind of makes sense right here too since EU is wrapping up the first 5 waves down and is ready for a temporary bounce.

USD/CHF 30 Minute Chart...