(1,5757) The CABLE is confirming further weakness remaining under pressure. The weekly closing was very weak below the 200 weeks line suggesting further downside pressure. The drop confirmed therefore a double top formation also in the weekly chart!! The indicators of the daily chart are still well negative as well as those of the weekly one supporting further weakness. The indicators of the s/t charts are mixed this morning suggesting some consolidation/ correction. However only an hourly closing above 1,5830 will support a higher retracement, move that we expect to be corrective! We wait for higher levels to sell!!
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