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Cable - Break Below Diamond Pattern Signals Bearish Continuation

Discussion in 'Technical Analysis' started by Kaitlin, Sep 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Cable remains weak and so far showed limited impact of better-than-expected UK data. Yesterday’s close in red candle with long upper shadow, signaled renewed weakness that eventually broke below Diamond pattern, formed on daily chart. This gives strong signals of bearish continuation of larger descend from 1.3443 peak that was[​IMG]

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