ICT

Chambeng, here's ICT. I'll post BPC another time.


As seen in the chart below, ICT is still in an uptrend. Now, drag your attention to the encircled portion. We can see that ICT is consolidating and is very volatile, at that.

Let's zoom in a little.

In the short-term, ICT is moving sideways to up. Notice that it was able to hold above its prior resistance at 24.5. This indicates that ICT is merely trading within a higher range with support at 24.5 and resistance at 31. We can narrow this range a little by separating its lower and upper range. Currently, ICT is in its upper range with 27.5 as support. What I like about ICT is that it formed a bullish higher low at 25.5. For ICT to revisit the 31 level, it should no longer fall below 27.50 or else we're looking at 24.50 again.