ICXUSDT formed bullish Gartley | Upto 44.2% expected
Updated
On daily chart, the price action of ICON (ICX) has completed the final leg of Gartley pattern and entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.3893 to $0.3475
Fibonacci projection or sell zone: $ 0.4222 to $ 0.5014
Stop Loss:
The potential reversal zone area that is up to $0.3475 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 44.2% and as per the above-mentioned stop loss, the loss possibility is 11%.
Note: Above idea is for educational purpose only.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Potential reversal or buying zone: $0.3893 to $0.3475
Fibonacci projection or sell zone: $ 0.4222 to $ 0.5014
Stop Loss:
The potential reversal zone area that is up to $0.3475 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 44.2% and as per the above-mentioned stop loss, the loss possibility is 11%.
Note: Above idea is for educational purpose only.
Trade closed: target reached
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