Cables slide to more yearly lows!
UPDATE: 22nd December
Price has returned to the channel after the fake breakout and has tested its strength creating a 240min red SUPPLY Zone which has been tested twice.
I have added another ABCD fib extension using 28th October pivot high as A (1.6180), 14th Nov pivot low as B (1.5594) and C (1.5821) was a 38.2% retracement of B.
My D extension target will be the 61.8% ABCD fib extension 1.5457
Happy Holidays :)
Price has returned to the channel after the fake breakout and has tested its strength creating a 240min red SUPPLY Zone which has been tested twice.
I have added another ABCD fib extension using 28th October pivot high as A (1.6180), 14th Nov pivot low as B (1.5594) and C (1.5821) was a 38.2% retracement of B.
My D extension target will be the 61.8% ABCD fib extension 1.5457
Happy Holidays :)
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