Trade Idea for Intercontinental Exchange Ice. (NYSE)

Intercontinental Exchange Ice. (NYSE)

#ICE

The trend is bearish. The stock is trading within the range of the 365 and 135 EMAs. The bullish wave structure is truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell upon the formation of a new bearish wave structure, where wave (A) breaks below the ascending channel of the truncated bullish structure.

Stop Loss – 167.70.

Target levels – 156.00, 146.80.