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Analysis of the Elliott Wave principle
Weekly and daily chart analysis (CHF = JPY)
We check to see how many possibilities there are! And what would happen?
With 2 years of experience in analyzing financial markets
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Forecast by Ralph Nelson Elliott Dow Jones:
The path of the price of the product is not news!!!!!!!!!!!!!!!
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Swiss franc = Japanese yen
The starting price is 151,461 yen, which is the end price of the third wave in the degree of the bigger wave.
And then a zigzag pattern that has completed the fourth wave and is now making a diagonal. (third possibility)
Now another zigzag pattern that reached just beyond the 151.461 price! Could it be a flat pattern (3-3-5) or a double three pattern???
But I think it can be a side correction pattern. (first and second possibility)
Good luck! I hope you have had a good week