IDEX looks like it's bottomed out although still in the accumulation phase.
Expect testing to flush out the weak hands before upside trend begins.
Wyckoff based zone to begin establishing a position is indicated on the chart.
Ideanomics, Inc. is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech product. The firm operates through the Mobile Energy Global (MEG) and Ideanomics Capital business units. Its electric vehicle division, MEG, provides group purchasing discounts on commercial...
I am sharing this to show my current mindset regarding IDEX, and what I believe to be the possible movements that we could see in the future. That being said this is 100% NOT advise for any financial movements, investments, and/or trade.. I would love for some feedback regarding the chart. So for the nitty gritty, I am basing the chart off of the 2 bull runs we...
Please don't take this as a financial advice, remember I'm not a professional analytic,
this whole idea is based on my knowledge, interpretation and opinion. This is only my Idea,
don't buy or sell because of my idea. Do your own research in the company before deciding
either buy or sell. Remember there is always a risk of losing money when you...
Loss of Bearish Momentum
Long Wick Rejection of Dynamic Weekly Support (1.15)
0.236 Fib from March Swing Low same as Support (1.15)
Volume Exhaustion in downtrend
Bullish Divergence (MACD)
Bullish EMA Cross 7/13 Week (14/50)
Trend Remains Bullish over 1.05
Low Volume Consolidation in Falling Wedge (2x Avg Vol on Green Candles)