In this technical article, we’ll take a look at the USDCHF Elliott Wave charts published in our members’ area. USDCHF has been trading within a cycle that started at the 0.7953 low. Recently, the pair completed a clear three-wave pullback, forming an Elliott Wave Double Three pattern. As expected, price then rallied from the correction’s low.
In this update, we’ll break down the Elliott Wave structure and explore the near-term forecast for USDCHF.
Elliott Wave Double Three Pattern
Double three is the common pattern in the market, also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels.
The picture below presents what Elliott Wave Double Three pattern looks like. It has (W), (X), (Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings, they’re having A, B, C structure in lower degree, or alternatively they can have W, X,Y labeling.
USDCHF Elliott Wave 1 Hour Chart 10.02.2026
USDCHF is currently undergoing a correction, with wave ((iv)) in progress. The price structure shows incomplete bearish sequences from the recent peak. We can identify three swings in the initial leg down, followed by a three-wave bounce and another move to a new low. This structure suggests the pullback is forming an Elliott Wave Double Three pattern.
The current analysis indicates that wave (y) blue of wave ((iv)) black is still in progress, suggesting further downside before the correction is complete.
As our members know, we use the Equal Legs zone to identify the buyers’ area where Wave ((iv)) should complete. We calculate this zone with the Fibonacci Extension tool by projecting the 1.0–1.236 extension of wave (w) relative to wave (x). In this case, Elliott Wave analysis points to a buyers’ zone around 0.8240-0.8219.
USDCHF Elliott Wave 1 Hour Chart 10.02.2026
USDCHF reached the Equal Legs zone at 0.8240–0.8219 and found buyers as expected. The pair delivered a solid reaction from the buying zone, with the corrective cycle completing at the 0.82267 low and triggering a bounce.
Note: some labels have been removed from the chart in order to protect clients’ privileges.
Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room
Comments
Log in or sign up to join the conversation.