ICX in a possible long 3rd .
TD Sequential shows a down trend but the general trend is upward
This is usually what a study looks like.
Simply explained. We have have 2 Waves. One is the main one and has confirmed a retracement to 38.20% and second pull back to 61.8% to the spot. Meaning the 3rd leg of First extension is on the making. The second wave (yellow) has retrace successfully to 61.8%. If we use the FIB levels and the we have to assume the wave 3 started around price 65-68. The support of the upper has been sustained by lot of points. If the price fells back at 65-68 levels then we are making a small to continue up. I don't expect price to fall back to 55 levels which would void the pattern. This is a long target with probably a lot of other retracements.
This chart for Educational purposes only, NOT TO MAKE SOMEONE BUY OR SELL OR TO MAKE ANY FINANCIAL DECISION.
Note. Sorry about the messy chart but I hope as you go through this chart you understand how important is to do studies for smart financial decisions. How important is to understand and FIB levels.
If you have benefitted from my Charts please consider supporting me.
You are welcome.