I have taken a new long position on ICP:LSE. The price action has formed an asymmetrical triangle with the completion point of an AB=CD pattern coinciding with the lower trendline.
You can also see that there is a momentum step on the stochatsic indicator.....which I take to be an indication of a positive change in momentum. The MACD, which I also use as a momentum indicator is supporting a move higher.
My stop is just underneath the lower trend line giving me a very tight stop and the opportunity for a good R:RR return. I shall move my stop to break even if the opportunity presents itself.
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