We continue to look for signs to support the bearish outlook as we will soon discuss. Read More

Cable drifted lower in line with the bearish count before reversing gears in a corrective manner. The bottom line remains that backing and filling should prove corrective, preparing the stage for further decline. Read More

Cable confirmed the bearish interpretation. The focus now is on lower and backing and filling should prove corrective, setting the stage for further decline. Read More

The drift to lower lows leaves the short-term corrective bounce interpretation on thin ice. We still want to see a drop below the main hourly count's invalidation point to gain confidence in the bearish case. Read More

Cable remains locked in a sideways consolidation and the bottom line remains that bounces should prove corrective, setting the stage for further decline. Read More

Not much to add here. To recap, the drop below 1.2695 confirms the bearish interpretation. The main count expects a corrective bounce before registering lower lows. On the other hand, the alternate count explores the possibility that the larger degree downtrend has re-ignited and immediate lower lows are in store. Read More

The drop below 1.2695 confirms the bearish interpretation. The main count expects a corrective bounce before registering lower lows. On the other hand, the alternate count explores the possibility that the larger degree downtrend has re-ignited and immediate lower lows are in store. Read More

Cable scored a slightly lower low for the move, respecting the main count's invalidation point. A drop below that level would favor the alternate thrust out of a triangle scenario. Meanwhile, we will keep both counts on the table until the market makes up its mind. Read More