Bearish View :
The Cable could be in the process of third-wave down of Minute-degree wave ((v)) toward the Fibo 1.618 expansion target at 1.3720.
The wave ((v)) would ultimately amount to 1.3521, before the end of Minor-degree extending wave 3.
Bearish View :
The Cable should have concluded its upside correction in Minute-degree wave ((iv)) at 1.4514. The three straight days decline in this week indicates that the same degree wave ((v)) of Minor 3 is accelerating down.
The wave ((v)) would likely amount to 1.3521, before the end of extending wave 3.
Bearish View :
The Cable could have completed its Minute-degree wave ((iv)), as an upward correction, and decline in the same degree fifth wave likely is underway.
The wave ((v)) will eventually achieve the 1.3822, before the end of Minor-degree extending wave 3.
Bearish View :
The Cable’s two straight days selloff, indicates further decline in its fifth wave of extending wave ((iii)).
It is expected that decline of Minute-degree third wave would achieve the Fibonacci 2.618 level at 1.3633.
Today’s decline in Cable would suggest to resume the downtrend, in Minuette-degree wave (v) against 1.4413.
The outlook still remains bearish, in extending of the third waves extension.
After retrace up in Minuette wave (iv), the following decline in the same degree wave (v) should ensue to complete Minute-degree extending wave ((iii)).
The outlook on the Cable remains bearish, in extending of the third waves extension.
Bearish Outlook :
Cable seems to accelerate its market’s selloff, which has exceeded the early December’s low.
The bearish count remains well in place, through the expected target at 1.4247 (where Minute-degree third wave will achieve 1.618 times the length of the same degree first wave).
Bearish Outlook :
The two straight days market’s selloff, indicate to resume the downtrend likely in third wave of Minor-degree wave 3 towards 1.4247.
The Cable’s bearish outlook is well in place, technically against 1.5240.
Bearish Outlook :
The three straight days market’s selloff, indicates to resume downtrend likely in third wave of Minuette-degree wave (iii) towards 1.4576.
The bearish outlook is well in place, technically against 1.5159.
Bearish Outlook :
The Cable’s sharp selloff, exceeding the November low at 1.5027, indicates to accelerate its decline in Minuette-degree third wave towards 1.4576.
Technically, the bearish outlook could be in place now against 1.5027.
Elliott Chart 