[Anna-Maria]

Originally Posted by texxas »

We'll see whether our support % lines will contain it until the impending NY data hits the tape later on. But I'm not getting involved in this clack today.

Looking back on the day's events, the support barriers did indeed shoulder price into the triple Stateside news releases.

And the overall bearish tone eventually pushed Cable back towards the 38% Fib zone, resting some 60pips north of that line into the close.

We remained flat this pair all day, & will likely snub any further activity on Cable now until the Xmas/New Year holiday period rolls over.

As next week grinds out, any sensible s&r guides become foggy due to the reduced volumes, therefore it's generally wise to leave it be.

I'll take a peek at it again as January winds up & see where we're at then.

240min frame highlighting the current near term bearish outlook.



15min snapshot of the s&r levels & it's journey thru the bottom intraday supports to current pattern zone.

[torero]

Excellent analysis, tex. I'll keep an eye for Cable until volume picks up again. Thanks for your help.