A compelling pattern emerges in ICX, revealing a robust double bottom formation as the price nears the neckline of the W pattern. Anticipating a breakthrough, we foresee a direct move towards our immediate target zone, potentially triggering a retest of the upper trendline region.
Following this, a sharp retracement is expected to finalize wave leg 4, as depicted on the chart, before a subsequent rally towards the major double bottom target.
Vigilance is advised on the specified buyback area, with prudent management of stop-loss orders positioned below key support levels.
Your valuable feedback is welcomed as comments on this analysis.
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Good reaction from the support level, our projection still remain same, keep holding for good rewards.