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USDCHF Double Zigzag To Complete Primary Wave
USDCHF shows that the bearish primary wave Ⓨ, which is also an intermediate zigzag, seems to have ended. An upward move in the market saw the formation of the primary intervening wave Ⓧ. It is likely that it will have a double (W)-(X)-(Y) zigzag structure. Currently, zigzag wave (W) of the intermediate degree has completed. In the short term, we expect the development of intervening wave (X). The minor corrective wave B is likely to complete near 0.897. With a 5-wave impulse decline, completing minor wave C to 0.882. Corrective wave B will be at 61.8% of impulse A, whereas intermediate wave (X) will be at 76.4% of ... (full story)