That correction in Cable has to start somewhere- As I mentioned in my last analiysis, cable seems due for a correction. Since price is below MA 100 in both H4 and H1, and a S.T. Trend line has been broken in H4,we may have a chance to short earlier. Keep in mind that price still above a large TL and MA 100 in Daily charts
Cable is due for a large correction; break and close below TL and MA 100. could signal of a sell of
CORRECTION WAVE. Trendline broken in line with a due correction cycle
Still some legs to go; after a small correction, we got another impulsive wave, now, the rejection of fib 61.8 will validate wave 4 & 5 before we enter a much larger correction.
Correctio due, expect new downward waves
CORRECTION A-B-C PATTERN ON THE WORKS, SHORT NEAR FIB 50% RETRACEMENT
Trendline broken, formation of wave 2 and 3 will shoot price to 1.2