IP Looks Bullish (4H)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
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