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Re: Trend Reversal Prediction
Hi vsampier,
I trade on technical grounds, looking at cable, though it has broken one of the major supports but the move was halted at the lower trend line, joining 6 lows on daily chart but the momentum of the current move surely looks promising for the breakout. If it does break out and stays below the trend line, sure targets would be 1.9400 and then 1.9200.
We traders have no control on the market, at best we can only build our prophecies based on technical/fundamental grounds, God knows better where the market will go next.
Wish you the best!
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