USDCHF market view

USDCHF market view

What’s on background

It was yesterday at midnight ))) Look at Chart 1 (Wave analysis above). I noticed all three waves were pointed down. The wave system predicted a decline in order to develop the wave patterns.

I switched to Crowd Analysis. Look at chart 2.

Crowd was extremely bullish (signal for selling against the crowd).

So, I formed suggestion and went asleep ))
And I was not surprised when I opened the chart in the morning.

What’s now?

Look at chart 3.

Price did hit huge congestion of clusters of SLs. This cluster was formed by the majority of traders who were bullish, but now they are knocked with losses.

What is next?

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