ICE - has been treading at the lower part of the downtrend channel since april, it started its explosive move Sept onwards. After making a high, it retreated and attempted a higher high. At closed yesterday, it ended with a Big DOJI which is skew lower than the mid point. With MACD and RSi giving signal (though not formed yet) bearish divergence and price are...
It looks the price has broken downward out of a consolidation period, suggesting a continuation of the June downtrend. A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the...
Price hit minor support, still in uptrend which is good, + hammer formation + next day confirmation.
Target is at nearby resistance, exit is slightly below candle
