STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
USD/CHF reversed from resistance area
- USD/CHF reversed from resistance area
- Next sell target - 0.9450
USD/CHF recently reversed down from the resistance area lying between the key resistance level 0.9560 (former support level from January which also reversed the previous intermediate impulse wave (A) earlier this month, as can be seen below), 50% Fibonacci retracement of the downward impulse from December and the upper daily Bollinger Band. USD/CHF is expected to fall further toward the next sell target at next support level 0.9450 (low of the previous wave (B)).
Dmitry Chernovolov
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