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RudiMarin

CHF index, dont write it off until channel breaks. More Upside?

Long
(CHFEUR+CHFGBP+CHFUSD+CHFNZD+CHFCAD+CHFJPY/100+CHFAUD)/7  
RudiMarin Updated   
(CHFEUR+CHFGBP+CHFUSD+CHFNZD+CHFCAD+CHFJPY/100+CHFAUD)/7  
Trend Analysis Chart Patterns chf
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trendanalysis chartpattern chf
The CHF has successfuly retested its wedge but has been unable to accelerate higher. Given the current small time pattern, I'd expect a small move up followed by a second retest of the support zone.
Should the pass of least resistance still be the upside, the uptrend should then resume.
Comment:
A closer look on a 4H chart at the patterns at play. I'd expect a retest of the high before breaking the rising channel for a second test of the support.
Comment:
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