The Cable stopped at 1.5023 exactly at intersection of two key lines from weekly/daily timeframe,
That might be it for a couple of days, but I wouldn't exclude further move down to about 1.1460-70, so as to hit obvious SL, before some correction.
I'm looking at 1.5140 and 1.5220-40 levels as interim AOCs for bearish correction.
MA
MarcinO
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Come on. That upsloping TL is waiting, and low fromEuropean open (1.5088), too.
MA
MarcinO
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It reacted off that TL. 1.5130 may be a C point, for a nice ABCD to 5080.
JI
jimkane
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If this comes out of this congestion here (chop, really), I am looking around 80 and 85, +-.
JI
jimkane
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Cah-ching, cah-ching, cah-ching. My only question is 80 area, or 85 area.
JI
jimkane
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I actually logged back in to make one more post. Look at how the ES finished in the little after futures Friday session! Another dump down, closing just off the new LOD, which was set at 2011.50! Sure, 'they' may come in like gangbusters on Sunday, but wow, is this weak. That change in tenor I got, it was no joke. I am so glad I posted that when I sensed it. I think the 1950's might be next.


