Analysis of the USD/CHF 4H chart. Following the correction predicted on March 25, 2026, we explore the potential reversal zones near 0.77696 and the next bullish impulse.
In technical analysis, timing is as crucial as the direction itself. On March 25, 2026, we identified a terminal wave (v) in the USD/CHF pair, signaling a mandatory corrective phase. As of mid-April, this correction is unfolding exactly within the parameters of the Elliott Wave Principle.
The Correction Structure: From Peak to Support After the exhaustion of the previous impulsive trend, the market entered a textbook ABC corrective sequence. Currently, we are tracking wave "c," which is testing the deeper Fibonacci retracement levels.
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The 0.5 - 0.618 Fib Zone: The area between 0.78216 and 0.77696 is acting as a primary buffer. Historically, wave "c" often concludes near the 0.618 retracement of the previous larger move.
Future Projections: The primary objective now is to observe price action for reversal patterns—such as a bullish engulfing candle or a break in the micro-descending trendline. Once wave "c" is confirmed as complete, we anticipate a significant impulsive recovery (as marked by the blue trajectory on our chart).
Strategic Conclusion: Traders who heeded the March 25th warning have successfully avoided the drawdown of this correction. Now, the focus shifts from defensive positioning to identifying the next high-probability entry point as the market prepares for its next major cycle.