Hello awesome traders! 👋
Hope you’ve collected some good pips this week — I’m closing out with one more chart for your weekend review. Let’s take a look at this Daily ABC Bullish structure on Cable with precision symmetry and a strong technical reaction.
📌 Pattern Overview
🔹 A beautifully measured ABC Bullish corrective wave unfolding:
• A = 1.31392
• B = 1.37882
• C = 1.33645
🔹 Price has respected the PCZ (Potential Completion Zone) — aligned right on the 61.8% retracement of the AB leg
🔹 From the PCZ, price has started a reaction leg and is now working toward fib-based targets:
📍 TARGET 1 Zone
• 50% = 1.35736
• 61.8% = 1.36229
📍 TARGET 2 Zone
• 61.8% = 1.37566
• 78.6% = 1.38746
📈 What We’re Watching
✅ Bullish reaction off 1.336x zone confirms structure
✅ Price moving back toward mid-range fib levels
✅ We’re currently between PCZ and the first resistance shelf at 1.3500
🔸 Momentum confirmation needed above 1.3550 to lock in the push toward TP1
🧠 Key Concepts
✅ Textbook ABC symmetry
✅ PCZ anchored by 61.8% fib and prior structure
✅ Clear fib ladder: 50/61.8 → 61.8/78.6
✅ Swing low invalidation: break below 1.33645
🗝 Final Thoughts
It’s the kind of pattern that builds conviction without noise. Let price continue to unfold. We'll be collecting on TP1 first and reassessing next week for potential rotation toward TP2.
“Patterns don’t predict – they prepare. Breakouts confirm the plan.”
—Constantino DeLa. @tradechartpatternslikethepros.
Note
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.
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.