HI ALL,
I'm quite confident this is what IXR's sp will play out in the second half of this year until 2026. As you can see we are in a downtrend from 2022, ever since we never had a proper consolidating area with constant volume and steady sp. We actually did consolidate abit during sep last year (left hand side of the shaded area) but it only lasted about 4months with big volumes at start and started to decrease afterwards. This time you are able to see from nov 2024 until now which is about 7,8 months periods where sp is steady, volume is constant. Ive also use the depth of the shaded area as a reference of the next major resistance area which is about 0.06 and it aligns with previous resistance from 2021.
Happy to hear others thoguhts
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