I'm keeping a close eye on ICX. According to EW it should have one more pullback which would make for a nice entry before the next wave up. That's not to say it can't break out now as with this cup and handle it retraced about 1/3. I'm personally waiting to see what it does before entering.
Kommentar:
Testing resistance at the top of the cup now. If we break out here I will wait for the first pull back to enter. I'm leaning towards it still retracing for one more wave though. You can see it's close to RSI resistance as well.
Kommentar:
It broke out above the top of the cup. Now testing that range as support. If it holds and consolidates here this should be a good entry.
Kommentar:
We've got support above the cup top.
Kommentar:
We've officially broken out of the cup. :) I'm holding.
Kommentar:
ICX is now correcting because BTC is finally correcting. I've updated my EW count to what I see happening now. Once BTC gets back on a bullish track so will this trade.
Kommentar:
Kommentar: