Cable unfolded as expected this week, reaching and exceeding both first and second targets. Following that downwards movement, Cable moved sharply towards the upside making a new high before reversing directions towards the downside ending the week losing all its gains.
We are updating the main count according to the latest price action and as well adding an alternate count which expects Cable to reverse directions and move towards the upside within wave v pink.
It should be noted that both main and alternate counts have almost equal probabilities.
As always we will wait for either counts confirmation point to be reached to determine the highly probable count.