The move down is likely over, and at least we will get a correction 38-50%
On a daily frame I would consider two options:
1. Bearish scenario, driven by the Cable itself, where we may have an ABC and price continuing the trend down to test the daily extremes, after a reasonable correction
2. Bullish scenario - implying a more complex structure - a double zigzag...
Please refer to the earlier updates for the Gold, as there are options how to treat the triangle on daily.
This analysis relates to the bullish option.
In short, a triangle on D1 may be completed, and we have got the first wave up in the form of a leading diagonal, that is now being corrected.
The correction itself is so far in three waves.
Wait for the...