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Cable seems to be giving us a ( w-x-y ) pattern for
this final leg of wave (B) of (A-B-C) correction of Wave (A)..
But it seems like we might have completed a (1-2-3-4-5) pattern in a 4hrs chart, if it prove valid then
bears are now preparing to get on boards for wave c.
If cable continue to break and trade above 1.33217 level, then this will prove bulls still in control
of wave c or wave y of c of (a-b-c) of (b) but if price trade below (1.31948 / 1.31034 )
or below 1.29737 then we might consider having completed wave b then bears on boards for wave c
The structure may change at anytime, make sure you validate it
and apply your risk management before placing any trades...
This whole correction could be a Running Or Expanding Flat if Cable continue pushing higher๐ต๐ต๐ต๐๐ต๐ต๐ต
All the best ๐ต๐ต๐ต๐๐ต๐ต๐ต
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