USDCHF: THE MARKET REPEATS ITSELF

If there's one thing the market does often, its repeating itself. This is not a valid pattern of any kind, however, you can see a correlation between the two (5 wave moves) in the image above. This section in the chart is part of an ABC pattern correction that followed a 5 wave move to the upside on the daily time frame. The first pattern extends to 300% from wave 1. The second pattern has not completely extended to 300%, but if it does, look for buyers to reverse this pair at its strong support zone around .9540.