This is my preliminary view on Cable for next week. If PA already found point B (which is still not clear) then it’s now in phase of C point finding. For me personally C point is trigger for CD leg trade so once C point is confirmed I’ll act correspondingly.
Breaching X point invalidates my view.
Last week PA has found anticipated C point. CD leg is emerging now to complete Bullish Deep Crab pattern. If emerging harmonic pattern will be “accepted” by PA we can experience price going down to to point B (1.5427) and possible further down to 1.5248(161.8% expansion) and 1.5098 (200% expansion) respectively.
Should A point be breached upside we can see price going up to 1.58722 (113% retracement of recent price actions).
