USDCHF

As visible on this chart above the swiss franc has advanced in an ABC from the 1985 low. The two possible counts from the all time low visible on this chart are stated above. I happen to favor the W-X-Y count as visible above, either or the upcoming decline on the swiss franc will prove to be a multi year perhaps even decade decline.

Above is the USDCHF chart which is basically the inverse of the first chart posted. The evidence of a turn is very clear as visible on the image

The above image takes a look at the decline post the wave (1) high it seems possible that the A-B-C decline could be complete. ALT count is that the decline from the wave B is only the first leg of the C wave decline however the diagonal triangle 5th wave would suggest that this C wave would most likely Not extend further. I would like to stress that we are only at the 23.6% retracement of the 2011 advance, hence this whole A-B-C decline could be only a part of the correction rather than the whole. If not already long this pair I would suggest waiting for a 5 wave advance.

Regards,
Ahmed Farghaly