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Thanks Patterns, Waiting to see if it can clear 8.5 The positive...

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matchbox20

12,625 Posts.

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25/09/21

12:48

Post #: 56344877
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Originally posted by Patterns ↑

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.

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Thanks Patterns,
Waiting to see if it can clear 8.5
The positive is the moves up are large
apart from the last one.
Only news can break that 8.5 range.
Cheers
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