Icon made quite a run recently and is now consolidating.
It seems to have made a double top below strong resistance.
Based on the various fibs, I have plotted some zones of interest.
It just pierced a support zone at .2650 so right now is a risky entry.
If it gets above and confirms the zone as support then maybe a long.
But ideally I am looking lower like .2300 (ideal) or even .2040 (scary).
Per my previous analysis, I still think a break of .30 will shoot to .37 quickly:
It seems to have made a double top below strong resistance.
Based on the various fibs, I have plotted some zones of interest.
It just pierced a support zone at .2650 so right now is a risky entry.
If it gets above and confirms the zone as support then maybe a long.
But ideally I am looking lower like .2300 (ideal) or even .2040 (scary).
Per my previous analysis, I still think a break of .30 will shoot to .37 quickly:
Note
ICX bulls made a valiant effort break resistance but were unable to hold it thus far Zooming on the pullback, looks like an Impulse down and its Ripples are at play
.
Trade closed: target reached
Target hit, EXACTLY, sweet .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.