Ichimoku Breakout

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BLOX has set up nicely for a breakout to the upside. Price has bounced off the blue standard line, volume is picking up and stochastics are unwound and starting to head up from the oversold condition.

In my opinion BLOX makes new highs shortly depending on the overall market conditions of course.

Ichimoku is a fantastic indicator which has all of the aspects of Fibonacci, Gann and Elliot theory built in. Once you learn it all it takes is a glance at any chart to predict future price action. Learn more here:

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