The CABLE formed a negative day reversal while it still confirmed further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. A daily closing below 1,5610 will suggest a s/t top is in place.
The indicators of the daily chart are again below the line and this morning also those of the s/t ones are in negative territory supporting lower levels.
Only an hourly closing below 1,5560 will however confirming a resumption of the decline confirming also a double top formation with a potential target below 1,54!!
We remain on the sideline following the inside day.
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