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Greetings!
A quick Update for all of you who work on a short-term Basis…our Cable has fallen to our little “consolidative” area and we are roughly at a mid-point in the larger Range.
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Now…we could certainly do this on this fast and tight %-Minute Time Cycle…or if you are Bullish…you may be thinking of a bounce-reversal here.
If you are following a Risk Averse view…then you will wait for strength to sell into…perhaps even back to the Magenta Range we indicated earlier as we need to observe how Price will “behave” in those “clustering” Areas.
