Cable needs a pull back to knock out the daily highs before heading lower. This will suck in a lot who will think we are at the bottom.
Comments
fxmillions
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Interesting enough, forecast is a long none the less. :)
I dont think GU is at the bottom. But as per the correction formation, I will look for the next C wave up. Only difference is that I expect the C wave to go higher the last high (highest C marked in the chart below.) So I do agree with your direction. Thanks
DJC
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The recurring nature would suggest this is likely.. however Cable is very weak at the moment and seeking weekly / monthly liquidity below quite rapidly.
I dont think GU is at the bottom. But as per the correction formation, I will look for the next C wave up. Only difference is that I expect the C wave to go higher the last high (highest C marked in the chart below.) So I do agree with your direction. Thanks