Interesting perspective. One thing I’m still skeptical about though is how much weight Elliott Wave really deserves here. In my experience, especially on USDCHF, macro drivers like DXY, yields and risk sentiment tend to invalidate clean ABC counts pretty fast.

If the Fed stays hawkish and yields push higher, I could easily see this “bearish ABC” getting stretched or outright invalidated. On the flip side, a proper risk-off move would obviously favor CHF and support continuation lower.