USD/CHF signaling more weakness?

As you can see, USD/CHF finished 5 waves up but broke the previous wave 4, and you know that according to the Elliott Principle, the previous wave 4 is a very strong and critical support level, thus breaking it will push USD/CHF for more downside. Our first target will be the 61.8% Fibonacci Retracement level (0.90997). Breaking the 61.8% level will push USD/CHF towards our second target which is the 78.6% Fibonacci Retracement level (0.89986) and the 100% Fibonacci Retracement level at (0.88698) as our third target.