Cable unfolded higher, increasing confidence in the alternate hourly count. Targets are yet to be met. The larger degree downtrend should be just around the corner.
On the other hand, the alternate hourly count, expects that the larger degree downtrend has already resumed.
Either way, we have our invalidation, targets and confirmation points in place. As always, we will wait for either count’s confirmation point to be reached to determine the highly probable count.