Cable is in a multi-month consolidation.
we have two possible scenarios.
1) blue marks - we are in a ABCDE contracting triangle.
waves D and E are pending as highlighted in blue arrows.
2) yellow marks - we are in a wave C of ABC flat correction.
wave C can hit 1.3559-1.3987 (C=1-1.618 of A)
Main thing - this is just a correction before downtrend resumption.
we have two possible scenarios.
1) blue marks - we are in a ABCDE contracting triangle.
waves D and E are pending as highlighted in blue arrows.
2) yellow marks - we are in a wave C of ABC flat correction.
wave C can hit 1.3559-1.3987 (C=1-1.618 of A)
Main thing - this is just a correction before downtrend resumption.