USDCHF: Elliott wave analysis and forecast for 23.02.24 – 01.03.24

Main scenario: consider short positions from corrections below the level of 0.8886 with a target of 0.8200 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.8886 will allow the pair to continue rising to the levels of 0.9020 – 0.9240.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. A bullish correction is completed as second wave 2 of (5). The third wave 3