The current USDCHF formation suggests that the bullish intervening wave x of a cycle degree has completed. Then the market began to move in a downward direction within the cycle actionary wave z. Most likely, wave z will be simple in shape and will have an Ⓐ-Ⓑ-Ⓒ zigzag structure. The impulse wave Ⓐ has already fully completed and the construction of the ascending primary correction Ⓑ has begun. It is assumed that the intermediate sub-waves (A)-(B)-(C) will complete the zigzag correction Ⓑ near 0.935. At that level, wave Ⓑ will be at 76.4% of impulse Ⓐ. In the future, after the correction of prices in the wave Ⓑ, ... (full story)