H4 - Potential double cycle up forming, after the initial move up currently a correction is happening inside a range.
We have a critical zone that has formed based on the fibo extension levels 61.8% and 100%.
If we get a valid breakout at the top of this range we may then expect another push up in cable and then most likely we will see further drops.
Once the price breaks above the top of this range we may look for short term buys with bullish evidences, expecting the price to move higher until it reaches this critical zone.
We have a critical zone that has formed based on the fibo extension levels 61.8% and 100%.
If we get a valid breakout at the top of this range we may then expect another push up in cable and then most likely we will see further drops.
Once the price breaks above the top of this range we may look for short term buys with bullish evidences, expecting the price to move higher until it reaches this critical zone.