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Cable Bullishness – Where To?
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Hi everybody!
I have a bullish bias on cable since yesterday morning, & the current (yet shallow) retracements did not shake the bull scenario at all – just hunting for a good level to re-enter longs.
The main reason is the clear H4 scenario, which at this point does not leave much room for alternatives: we should be in either an incomplete W1 of 5 of an impulsive formation that just now is beginning to develop (if that’s correct then the up targets are really high, around 1.75) or we are soon going to end W5 of C (end of the relatively large H4 correction started @1.5982, my bullish red wave). I lean more towards this more moderate alternative. Full Story |
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Submitted Jul 16, 2009 4:35am
Members who voted Fade for this story:
mbartles
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