Cable, watch it for the possible channel
It seems that we are in the midst of making a big channel here,
1- Except for the weekly trend lines,
2- The 38.2% extension of the previous up move and
3- The possible 3rd wave completion of a 5 wave up move
Suggest that we would start a down move, likely in a corrective fashion, soon.
So we are watching it to see how this very early forecast would play out.
Sorry for the messy chart, had to consider everything 😉
Happy Trading, Stay Green! ✌️
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💬 Please let me know your view about the idea
🔗 Check out the "Related ideas..." in the links below too
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1- Except for the weekly trend lines,
2- The 38.2% extension of the previous up move and
3- The possible 3rd wave completion of a 5 wave up move
Suggest that we would start a down move, likely in a corrective fashion, soon.
So we are watching it to see how this very early forecast would play out.
Sorry for the messy chart, had to consider everything 😉
Happy Trading, Stay Green! ✌️
➖➖➖➖➖➖➖➖➖➖➖➖➖
💬 Please let me know your view about the idea
🔗 Check out the "Related ideas..." in the links below too
➖➖➖➖➖➖➖➖➖➖➖➖➖
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