Cable; Bullish Run Probable

After experiencing sharp sell-offs in recent weeks, odds favor a counter-trend rally in Cable. A bullish Alt Shark pattern has formed and the time is also ripe for this pattern to work out. Also a clear 5-wave sequence down is visible which adds to the credibility of this scenario.

I will turn bullish on Cable if the bulls can break the 1.5212 hurdle.

Good luck,

Ali Sharif Azadeh, CFTe