Taking a look at cable on the daily we can see price action has now reached a previous level of resistance in confluence with an overextended AB=CD pattern (D completion in range of 1.618BC). On the lower time frame (4h) we can see a head and shoulders top, which is a classical bearish chart pattern. Although I don't use RSI anymore, I would wager that cable is overbought at the moment. If you use RSI, please leave a comment below so the rest of the community is updated!
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.