Cable unfolded inline with the main count`s view as Cable unfolded downwards ending the day near its lows.
We are updating the main count according to the latest price action with short term targets, confirmation and invalidation points.
We should keep in mind that MACD does not support the main count`s view at this stage and therefore being cautious can be of significant value while trading specially since the main count expects trend reversal.
The alternate count expects that Cable has more to offer upwards to complete the upwards correction.
As always we will wait for either counts confirmation point to be reached to determine the highly probable count.