#IO is sitting right on the neckline of a completed Inverse Head & Shoulders pattern and is on the verge of breaking out above the Descending Broadening Wedge on the daily chart.
A breakout from this confluence zone could trigger a strong bullish rally.
In case of a breakout, the targets are:
🎯 $1.401
🎯 $1.934
🎯 $2.366
🎯 $2.797
⚠️ Use a tight stop-loss.
A breakout from this confluence zone could trigger a strong bullish rally.
In case of a breakout, the targets are:
🎯 $1.401
🎯 $1.934
🎯 $2.366
🎯 $2.797
⚠️ Use a tight stop-loss.
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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.
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.