ICX has been in a downfall, breaking down the $1.00 range hard. It looks like we are about to finish the 3rd wave of the larger ABC correction downwards. If we find a bottom soon for the 3rd wave, we could possibly go up to the wave 2 area, at 1.2438, making a deep retracement to the golden fibonacci pocket, since wave 2 retraced a small .236-382 fib level. Buy on confirmation of end of wave 3 once we get bullish divergence on the RSI and MACD
Comment:
correction: *we could possibly go up to the wave 1 area, where we get strong resistance
Trade active:
we are getting bullish divergence on RSI. The MACD is about to cross over and the histogram is about to tick to the upside
stop loss: 0.858
stop loss: 0.858
Trade closed manually:
stop loss hit: trade closed