Correction Wave - UCHF
Here I have USD/CHF on the 4 Hr Chart!
Price has been making quite a effort working back up since its last encounter as a Double Bottom with the Low @ .83321.
After stabilizing, I have come to believe we are looking at an Elliot Correction Wave!
My idea requires price to break Confirmation @ .85764, then Price Action will initiate my Trade Action Plan.
If Price breaks below .84549, set up INVALIDATED!!
Price has been making quite a effort working back up since its last encounter as a Double Bottom with the Low @ .83321.
After stabilizing, I have come to believe we are looking at an Elliot Correction Wave!
My idea requires price to break Confirmation @ .85764, then Price Action will initiate my Trade Action Plan.
If Price breaks below .84549, set up INVALIDATED!!
Price will continue HIGHER!!
If you have not entered already!.. WAIT!!