The operable count suggests that the countertrend decline has run its course. Thus, we have a Fibonacci cluster on the 6-hour chart that we are going to discuss in details shortly. Read More

Cable's pullback has not proven impulsive, adding little to the overall picture. We can now add more details to the subdivisions within wave c pink as we will soon discuss. We still need additional structural development to add an alternate count that has a reasonable technical probability. Read More

Cable traded on up and failed short of the alternate count's target by less than 3 pips, scoring a yearly high in line with the alternate count that we detailed the past few days. We will need additional structural development to add an alternate count that has a reasonable technical probability. Read More

Cable scored a higher high for the move, reaching and exceeding the cited target for the countertrend advance. If the main count is on the right track, the market should reverse gears and trade on down. On the other hand, a push above the most recent swing high on the daily chart would imply that higher highs remains in store as we will soon discuss. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable inched up in line with both main and alternate counts and that is about it. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More

The upside drift clouds the short-term picture. The main count expects that a final push is in order to complete a smaller degree countertrend advance before dropping lower, but until such a decline is in play, the jury remains out on whether Cable would respect its 1.4346 swing high. On the other hand, a push above the 1.4346 swing high would dramatically decrease my confidence in the wave (4) black scenario. Specially since it would not provide the right look (i.e., the time relationship between waves (2) and (4) black would be rather skewed). Therefore, I am adding an alternate count on both weekly and daily levels. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More

The lack of downside follow-through is a concern for the bearish interpretation. If a major top is in place, Cable should drop in a sharp and swift manner. The alternate count continued to explore the idea that a bottom is in place. In turn, that decline lowers confidence in the alternate bullish outlook, as the time relationships between waves ii and iv are becoming skewed. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable has finally pushed lower, in line with the main interpretation. We would want to see further decline to gain confidence in the bearish view. In turn, that decline lowers confidence in the alternate bullish outlook, as the time relationships between waves ii and iv are becoming skewed. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Very little price action to comment since our last update. We are updating both main and alternate counts according to the latest price action. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More

Cable spent yesterday's session grinding higher and if the main count is on the mark, lower lows should lie ahead. We will discuss the extent of these lows shortly. On the other hand, the alternate hourly count expects that Cable's advance is yet to run its course. As always, we should wait for either count's confirmation point to be reached to determine the highly probable count. Read More