Waiting for week to close for confirmation. I can see double top forming on 4hr chart it's currently at the neck line. Same formation on 8hr chart.
Cable has been ranging inside BB since late June. Upper band is offering resistance to top of pinbar.
I think if it dips under 1.6500 it will continue towards 20SMA and retrace back from yearly 1.00 fib line to the .764 level.
I hope I'm making sense
Cable has been ranging inside BB since late June. Upper band is offering resistance to top of pinbar.
I think if it dips under 1.6500 it will continue towards 20SMA and retrace back from yearly 1.00 fib line to the .764 level.
I hope I'm making sense