ICX - Moment of Truth. Fib Retracements Don't Lie?
1. I have been watching Icon's chart for quite some time and most people including me have been eager for ICX to complete the Cup and Handle a few weeks back (indicated in the yellow), but has failed ever since.
2. I myself have exited the position due to the market failing to keep in tact the trend lines indicated on my chart, and also has failed to maintain fib level .618.
3. It has bounced on the final .786 fib retracement level, where I made a position, but have gotten back out at breakeven. If it breaks down from here, expect a big drop.
Good luck!
2. I myself have exited the position due to the market failing to keep in tact the trend lines indicated on my chart, and also has failed to maintain fib level .618.
3. It has bounced on the final .786 fib retracement level, where I made a position, but have gotten back out at breakeven. If it breaks down from here, expect a big drop.
Good luck!