Officially, the IBX 7.5 daily chart is consolidating until an...

  1. 43,783 Posts.
    lightbulb Created with Sketch. 985
    Officially, the IBX 7.5 daily chart is consolidating until an uptrend is confirmed with a break and close above about 8.5 swing high or a continuation of the downtrend is confirmed with a break and close below the 6.3 cent area. Really it is just chop that shreds traders accounts at present. If it truly is a demand zone then buyers should have pushed prices higher and so far they have struggled to do so.https://hotcopper.com.au/data/attachments/3620/3620395-630b80d1cabbca4786efdac7b08d1718.jpg

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.