On Friday's session, Cable confirmed the alternate count, soon after, the first target was reached and exceeded by less than 3 pips before reversing directions, making new lows. The nature of the decline off Friday's high keeps a couple of interpretations on the table. The main count expects an impulsive decline while the alternate count expects the counter-trend advance to have the upper hand for the next 24 hours. We will wait for either count's confirmation point to be reached to determine the highly probable count. Have a great weekend! Read More

A sideways tight-range consolidation sums up Cable's Thursday session. Both counts remain valid and we are updating both counts according to the latest price action. To recap, the only difference between both main and alternate counts is within the extent of the counter-trend advance which appears to have peaked already or to be on the verge of a final thrust. The main count expects Cable to drop in an impulsive manner while the alternate count expects that the counter-trend advance has more to offer upwards before reversing gears downwards. We will wait for either count's confirmation point to be reached to determine the highly probable count. Have a great weekend! Read More

Cable reached the main hourly count confirmation point, continued lower, falling shy of the first target by 2 pips before reversing directions. It is likely that the third wave that we have been tracking is subdividing lower. The only difference between today's main and alternate counts is within the extent of the counter-trend advance as it appears to have peaked already or to be on the verge of a final thrust. The main count expects Cable to drop in an impulsive manner while the alternate count expects that the counter-trend advance has more to offer upwards before reversing gears downwards. We will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

The decline off the 1.3032 high is in line with the primary outlook. We continue to expect downwards movement and any backing and filling should prove corrective, setting the stage for further decline. The main hourly count expects that the downtrend has re-emerged and that lower lows lie ahead. On the other hand, the alternate count expects that a counter-trend advance is underway before resuming the downtrend. We will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

On Monday's session, Cable traded in line with the main hourly count and the confirmation point is yet to be reached. We are updating both main and alternate counts according to the latest price action. To recap, the main hourly count expects that downtrend has re-ignited while the alternate count expects further counter-trend advance prior to resuming the downtrend. We will wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable started the day by drifting lower through the initial confirmation point, However, it has failed to penetrate the final confirmation point by a fraction of a pip before reversing gears and unfolding higher. The counter-trend advance has met the minimum requirement of an expanded flat correction. At this juncture, both counts have almost equal probabilities. We will let the market decide for us the highly likely count using the the counts' confirmation points. The main hourly count expects that downtrend has re-ignited while the alternate count expects further counter-trend advance prior to resuming the downtrend. Read More

Cable dipped below the main hourly count's confirmation point by a fraction of a pip. The nature of the decline casts some doubt on the bearish count. However, we will maintain the bearish stance, as long as the invalidation point holds. Movement above the main hourly count's confirmation point would suggest that higher highs remain in store for wave (ii) green. We will wait for either counts' confirmation point to be reached to determine the highly probable count. Read More

On Wednesday's session, Cable traded in a tight range, leaving both counts valid. We are updating both counts according to the latest price action, adding tight invalidation, confirmation and target points. The main hourly count expects downtrend to resume promptly, while the alternate count expects counter-trend consolidation to remain in force for the next session before reversing gears. We will wait for either counts' confirmation point to be reached to determine the highly probable count. Read More

Cable is unfolding in line with the main wave count as it continued to register lower lows. We are updating the main hourly count according to the latest price action. MACD readings do not support the main count's view. Therefore, we are adding an alternate count which expects a counter-trend advance prior to reversing directions and moving lower in an impulsive manner. We will wait for either counts' confirmation point to be reached to determine the highly probable count. Read More

We can now trace a complete five-wave decline which in turn completes a higher degree first wave. The main count continues to anticipate a sharp decline while the alternate count allows for counter-trend advance before resuming the recently ignited downtrend. We will wait for either counts' confirmation point to be reached to determine the highly probable count. Read More