GI UPDATE: CABLE MOVEMENT SCENARIO

Zoom It To See Clearly.The wedge has been broken, and the price is sandwiched between 1.2222 and 1.2440. What next? What should you do now? The simple answer is waiting, meaning you have to exercise patience to see the signal to shorten this market. Look at the lines that I drew in the chart. That is what I expected to happen before the price could continue moving down. The patient is the key. Your stop loss should be as drawn in the chart.