Time to Ride 5th Wave in IOC ?
Wave 4 of an impulse was recently finished by IOC. It's probable that we're in the minor 5th wave and major wave 3 right now. Additionally, it displays a high-volume gap that corresponds to wave 3's personality. How should our trading strategy be planned?
Adding 50% of positions at the present level and the remaining 50% at the next dip or when the next bullish momentum candlestick forms would be a good plan.
Stop loss and target levels are clearly marked on the chart for reference.
Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
Adding 50% of positions at the present level and the remaining 50% at the next dip or when the next bullish momentum candlestick forms would be a good plan.
Stop loss and target levels are clearly marked on the chart for reference.
Please note that the information presented in this analysis is intended for educational purposes only. It is highly recommended to seek advice from a financial advisor before making any investment decisions. I cannot be held accountable for any financial losses that may arise
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