$IO CONSOLIDATES AFTER TESTING ITS MINOR RESISTANCE!
In light of a rejection at this year's high, IO has chosen to establish a ranging pattern within the specified price range represented in the chart. This suggests that when the current ranging market structure reaches its conclusion, there may be a chance for either a breakout or a breakdown. Nevertheless, the likelihood of a breakout appears to be more favorable, given that market sentiment remains exceptionally bullish, even in the face of potential further corrective movements in prices.
Stay wise, trade cautiously.