Cable continued its consolidation and it is yet to reach either count`s confirmation point.
Cable provides us with plenty conflicting evidence. Those of us who wish Cable to unfold upwards would argue that the hourly MACD suggests with a clear bullish divergence that Cable is going to unfold upwards.
On the other hand, those of us who wish Cable to unfold downwards would argue that viewing the daily Japanese candlesticks pattern suggests that Cable has found a top and that it is only going to unfold downwards from here on.
This is a clear reminder for all of us to remain unbiased, both views can turn out to be correct with short term view being bullish and mid term view being bearish. We follow price action, we let the market make up its mind and we follow its path, we do not force our opinions and wishes upon the market. Therefore, we -as always- should wait for either count`s confirmation to be reached to determine the highly probable count.