Slow downward movement for USDCHF

2019-10-30 22:23:20

There is a convergence of pitchfork lines at 0.982 ( where the second higher flag is placed ). So this is where I expect the price to move. The rationale behind this line of thought stems from the fact that no less than 3 lines meet at that point. Furthermore, the first flag, which sits on the convergence of 3 lines, was the point where the price reversed.