A quick Cable update, where we have noticed a corrective decline for the past few weeks. Well, at the end of 2020, we have seen strong and impulsive push to the upside, clearly with five waves into a wave A and then, from the beginning of January of 2020, we can see a three-wave a-b-c decline, ideally for wave B, so seems like Cable may retest the 1.33 - 1.34 resistance area for wave C of (B)/(2) before a bearish continuation into wave (C)/(3).
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It was looking nice, but the lack of strong bullish candles intraday makes it skecptic, I thought we made a break out but for now looks false, need to break 1.3130 and close above it, better H4