Usd/Chf Pattern and Price: Minor abc Rally Probably Complete, Lower Prices to Follow
The Swissy likely completed w.c of an abc correction in the larger timeframe and W.5:5 in the smaller timeframe, signaling that the minor rally off the 13 March low is complete. A break of 1.0843 will confirm completion.
Multiple-Timeframe Momentum: Bearish
Bearish reversals on the weekly and 240-minute stochastic and the bearish daily oscillator reflect a shift in momentum from a bullish to a bearish bias, which is expected to persist for the next several days or even weeks.
Implications: Swissy is Making a Bearish Reversal
Consistently bearish pattern, price, and momentum across timeframes reflect an imminent protracted and deep bearish reversal in price action.
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