IVZ - Chart, page-535

Just a quick one to show a set up that is slightly ahead of what I think we're seeing today on IVZ. It's one that is seen more in practice vs a taught set up.

With PAR it formed a triangle and failed the lower edge (lower purple tend line) after a big run. I was adamant that if that happened it would not fail and continue pass the waveC pivot (blue line) as I had seen this happen before (in this instance their CEO left after 12months at the Co. See how it bounced off that (blue arrow).



See below IVZ it's clipped the waveC and showing initial signs of holding. We'll have to wait and see but that's why that level is one to watch atm. And the fact of the ANN whilst another disappointment isn't quite a plug and abandon leads me to hold some optimism of a recovery from here.



And one trade I was on in 2021/22 - ABCDE triangle, then wave E retraces to waveC and then the good ANN comes and it runs. For some reason the good runs seem to try and flush ppl out before the big turn is made. I'm not sure why that is but very often this is the case. Not to say it keeps going on forever though but the trade is there.




Also this zone is a strong support zone that IVZ has been in before. See below chart with no markings.



Anyhow you can make up your own mind what you plan to do with above.

MK.