HomeContributorsTechnical AnalysisCable is Eyeing 1.25 – 1.26 Area: Elliott Wave Intraday Analysis

Cable is Eyeing 1.25 – 1.26 Area: Elliott Wave Intraday Analysis

Cable is in an impulsive recovery mode on the intraday basis and seems like it’s still pointing higher for wave (5), as current intraday consolidation looks like a bullish triangle pattern in wave (4). So, once a triangle in wave (4) fully unfolds, watch out for a break higher into wave (5) towards 1.25 – 1.26 area before we will see a bigger, deeper and higher degree slow down.

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