MissingCodex

3 drive reversal on ICLN formed

Long
NASDAQ:ICLN   ISHARES TRUST GLOBAL CLEAN ENERGY ETF
ICLN has created the three drives down pattern to the proper fib levels and is primed for a reversal to the upside. This would break the short term down trend and return back to the long term uptrend. Near 100%+ retrace of the last drive is common in such a set-up.

Comments

I would treat ICLN more like a bubble. 30 companies with noxiously high market caps producing little to no Cashflow. Let’s see where this goes
+1 Reply
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