ICBP (MONTHLY) ELLIOT WAVE PREDICT : END OF ABC CORRECTION?
Updated
ICBP most likely will make an impulsive movement (5 wave rally) after the big correction (ABC correction).
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish Divergence
But this is Monthly Chart we are talking about so just be Patient because it will takes Months or maybe Years.
But we know the Trend will became Bullish in Long game.
In Short ICBP Have
Trend : Bullish 5 Wave Rally
Pattern : Falling Wedge
Stochastic : Oversold (Already Crossing) + Bullish Divergence
TARGET PRICE 12575 or HIGHER (ALL TIME HIGH)
DISCLAIMER ON
The new 5 impulsive movement is on the way and will take ICBP to new All Time High.
There is Falling Wegde Pattern too (Continuation Pattern), and the Stochastic in monthly indicate the price is already in Oversold area and start crossing + Bullish Divergence
But this is Monthly Chart we are talking about so just be Patient because it will takes Months or maybe Years.
But we know the Trend will became Bullish in Long game.
In Short ICBP Have
Trend : Bullish 5 Wave Rally
Pattern : Falling Wedge
Stochastic : Oversold (Already Crossing) + Bullish Divergence
TARGET PRICE 12575 or HIGHER (ALL TIME HIGH)
DISCLAIMER ON
Trade active
MONTHLY Pattern Falling Wedge works very well, still long way to go but this is a good newsTrade active
ICBP MONTHLY PATTERN + ELIOT WAVE PREDICT ALMOST HIT THE TARGET (1st WAVE)STILL LONG WAY TO GO haha
Trade closed: target reached
after waiting 2 long years. our TP already hit the target price.Happy Profit
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