IXIC’s recent rebound appears corrective within a broader downtrend. Price is now testing the underside of the previous ascending channel, which has turned into strong resistance. The reaction here suggests the rally may be stalling.
Unless IXIC reclaims the channel, the risk of a renewed downside move remains elevated.
Unless IXIC reclaims the channel, the risk of a renewed downside move remains elevated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.