USD/CHF - DAILY CHART
WAVE 5 WILL COME SOONER...

This big decline is likely the C wave of an A-B-C decline from 1.1879. 1.1512 is where the C wave decline would equal the A wave decline. Daily RSI is nearing oversold territory and CCI (daily) is below -100. The pair is likely to chop lower to test the support near 1.1563/1.1539 before a major rally attempt. Which i consider has the Wave 5. First i need to see the Wave 4 truncated.