The cable trend went Short in early February, and has meandered lower with no real desire to move too far either way. Moves to test that short trend are hard to come by at the moment.

Elliott Wave: Cable momentum has slowed down recently, with a corrective black wave 2, which is sub of a lower wave 5). It is expected that the pair will fall much lower once wave 2 completes somewhere below the upper falling trend line. A powerful wave 3 should be seen in the near-term, with moves toward new lows.

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