Cable bounced off a tradechannel and is recovering right now. If my chart is correct we are in a wave C of a correction or a wave 3 of reversal.
The problem is that you can see a diagonal forming, that could be either a leading diagonal, as in a wave 1 or an ending diagonal as in this case a wave C. It could also be a wave 1 of C. Right now I am bearish and price has to break 6383 on the upside to negate the bear count.
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