Cable at important juncture
Cable should find some important resistance in the area of 1.46 as we have an important structure level ! IF my operating count is correct THEN we are very close to complete wave iv (magenta colour) which happen to be also the level of wave (iv) (blue colour) . This would imply a move lower below 1.3835 over the coming weeks ! Just my thoughts :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.