Expect significant reversal in cable
Our base case scenario sees a complex double zig zag pattern for intermediate wave (4). The second zig zag started in April 2017. It is depicted by the light blue trend channel in our chart. The patten counts now as complete.
If intermediate wave (4) is complete indeed, the cable is likely to head steep south. The sharp character of wave 3° should reappear as wave (5) progresses. We have witnessed steep drops within primary wave 3° in the past years and would expect to see something very similar if the wave carries on.
If intermediate wave (4) is complete indeed, the cable is likely to head steep south. The sharp character of wave 3° should reappear as wave (5) progresses. We have witnessed steep drops within primary wave 3° in the past years and would expect to see something very similar if the wave carries on.
Comment:
-2,3%