Usd/chf has broke its trend line in the form of a 5 wave diagonal. Therefore I would expect a 3 wave structure to happen. So if we have a leading diagonal, then I am looking for a 3 wave structure to either confirm further downside or bring Uchf into a larger corrective structure. If it makes a little correction and then hits that 38% fib right below it, that would then line up the fibs from this move down with the larger time frames. doesn't have to. Keep in mind that a continued downtrend is still possible, but I would think it will pull back at least correcting to confirm.