$CHXEUR:IFXD
On a technical basis IFXD shows bearish signs, according to my personal opinion. It seems to have reached the end of the cycle level wave 3 that reached the 2,618 Fibonacci level of the 1st wave (from the bottom of wave 2) and now it should make a corrective A-B-C pattern till it reach wave 4. I guess this process will take several months even years.
On a technical basis IFXD shows bearish signs, according to my personal opinion. It seems to have reached the end of the cycle level wave 3 that reached the 2,618 Fibonacci level of the 1st wave (from the bottom of wave 2) and now it should make a corrective A-B-C pattern till it reach wave 4. I guess this process will take several months even years.
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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.