A compelling pattern emerges in ICX, revealing a robust double bottom formation as the price nears the neckline of the W pattern. Anticipating a breakthrough, we foresee a direct move towards our immediate target zone, potentially triggering a retest of the upper trendline region.
Following this, a sharp retracement is expected to finalize wave leg 4, as depicted on the chart, before a subsequent rally towards the major double bottom target.
Vigilance is advised on the specified buyback area, with prudent management of stop-loss orders positioned below key support levels.
Your valuable feedback is welcomed as comments on this analysis.
Following this, a sharp retracement is expected to finalize wave leg 4, as depicted on the chart, before a subsequent rally towards the major double bottom target.
Vigilance is advised on the specified buyback area, with prudent management of stop-loss orders positioned below key support levels.
Your valuable feedback is welcomed as comments on this analysis.
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📩 Promotion/Partnership: t.me/WESLAD
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.