A Possible Downward Impulsive Pattern in Cable

Looking at finer scale on a 4 hour chart, notice how the 1.272 level provided the first supportwhen the market first broke out of the base; and now it seems to be resistance.

« Euro Pauses at 1.618 Level in Downmove | Main | Short term S&P downward impulsive move with targets »

Looking at finer scale on a 4 hour chart, notice how the 1.272 level provided the first supportwhen the market first broke out of the base; and now it seems to be resistance.
