Enjoying the recent weakness in USD, Cable was able to escape the bearish force and staged a decent rally yesterday. It is now trading on the vicinity of the descending trend line and if this line is broken, I will expect the ABC correction to end at the 1.56 area where an Inverted AB=CD pattern completes.
Good luck,
Ali Sharif Azadeh, CFTe
Good luck,
Ali Sharif Azadeh, CFTe
