ICX has been in a downfall, breaking down the $1.00 range hard. It looks like we are about to finish the 3rd wave of the larger ABC correction downwards. If we find a bottom soon for the 3rd wave, we could possibly go up to the wave 2 area, at 1.2438, making a deep retracement to the golden fibonacci pocket, since wave 2 retraced a small .236-382 fib level. Buy on confirmation of end of wave 3 once we get bullish divergence on the RSI and MACD
Note
correction: *we could possibly go up to the wave 1 area, where we get strong resistanceTrade active
we are getting bullish divergence on RSI. The MACD is about to cross over and the histogram is about to tick to the upside stop loss: 0.858
Trade closed manually
stop loss hit: trade closed
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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.