I'm keeping a close eye on ICX. According to EW it should have one more pullback which would make for a nice entry before the next wave up. That's not to say it can't break out now as with this cup and handle it retraced about 1/3. I'm personally waiting to see what it does before entering.
Note
Testing resistance at the top of the cup now. If we break out here I will wait for the first pull back to enter. I'm leaning towards it still retracing for one more wave though. You can see it's close to RSI resistance as well. Note
It broke out above the top of the cup. Now testing that range as support. If it holds and consolidates here this should be a good entry.Note
We've got support above the cup top. Note
We've officially broken out of the cup. :) I'm holding.Note
ICX is now correcting because BTC is finally correcting. I've updated my EW count to what I see happening now. Once BTC gets back on a bullish track so will this trade. Note
Note
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.
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.