Daily Divergence on ICON

Jul 29, 2018

Daily and 3D divergences noted on numerous indicators. Volume is decreasing on a down move suggesting end of selloff and imminent reversal.

Jul 29, 2018

Note

Also worth noting, 4hr chart shows potential inverse head and shoulders with corresponding volume profile suggesting a reversal sooner rather than later.

Jul 31, 2018

Note

Failure of Descending Wedge.... Sell Volume increasing.... If Divergences on OBV and OBV are invalidated, this is less likely to be a shakeout before up move and we will prob see more red.