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RE: ICONOMI (ICN) Analysis Shows a Bullish Breakout in Progress!!
This is not a bullish break out, it's bearish flag! I'm sure it will plunge to retest low and complete ABC expanding flat:
I'm just curious why in every your analysis I see the same triangle pattern:) As you are EW trader, you should no and some more :)
The expanded flat is too long in time. The symmetrical downward wedge is repeated twice. The second is at current price. The whole construct is 1,2; I,II nested count.
I combine pattern and Elliott Waves!
he (@andriustovis) was right... and you were wrong @haejin :P