Note: This chart carries its own specific risks. Proper risk management, leverage control, and stop-loss are essential.
It appears that IP is in a bullish dual structure and currently in the second ABC pattern. More precisely, it is in Wave B of this ABC, which is forming a triangle. Currently, we are at Wave E, the final part of the triangle.
If the demand zone holds, the price may move toward the targets.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
It appears that IP is in a bullish dual structure and currently in the second ABC pattern. More precisely, it is in Wave B of this ABC, which is forming a triangle. Currently, we are at Wave E, the final part of the triangle.
If the demand zone holds, the price may move toward the targets.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.