After experiencing sharp sell-offs in recent weeks, odds favor a counter-trend rally in Cable. A bullish
pattern has formed and the time is also ripe for this pattern to work out. Also a clear 5-wave
sequence down is visible which adds to the credibility of this scenario.
I will turn bullish
on Cable if the bulls can break the 1.5212 hurdle.
Sharif Azadeh, CFTe