TradingView
MissingCodex
Feb 17, 2021 8:34 PM

3 drive reversal on ICLN formed Long

iShares Global Clean Energy ETFNASDAQ

Description

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
schneidtmanuel
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
More