Cable is finally turning down after a very big but overlapping recovery from 2016 lows. We see that as a big wave IV) that is over based on recent very sharp turn down from 1.4384 area. Move is impulsive which also took out the channel support so we definitely expect more downside, especially after a wave II bounce which can later look for resistance near the 1.3657 area.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.