Analyticssage

GBP/CHF Elliott wave analysis for week starting 24.08.2020

Long
FX:GBPCHF   British Pound / Swiss Franc
we are at the end of the bigger triangle and RSI also shows divergence on monthly chart.
I am expecting pullback as truncated or and diagonal for wave 5 and then up
**DONT SHORT IT, it is a risky thing.
Comment:
Comment:
Option 1 :

Option 2:

both are valid , I cant confirm one until one gets invalidated
Comment:
sorry I posted wrong plots here, it is for GBPJPY
Comment:
Comment:
Comment:
the triangle never got confirmed.
this is the new count

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.