IQE#323
Thesis
Classic falling wedge pattern after +1400% rally with compressing volume; bullish breakout setup at critical confluence
By @Allstarsv16 · View post ↗
Original post text
$IQE Falling Wedge at a critical confluence. After a +1400% rally, IQE is consolidating in a classic falling wedge with compressing volume. Bullish breakout expected.
🐂 Bull Case
- Positive thesis catalyst from Classic falling wedge pattern after +1400% rally with compressing volume; bullis
🐻 Bear Case
- Trading 30.3% below 52-week high; weak relative strength
🚫 Invalidation
Price closes below SMA200 (18.2) on above-average volume
Break Conditions
- Price closes below SMA200 (18.2) on above-average volume
- Core thesis invalidated if Classic falling wedge pattern after +1400% rally with compre proves incorrect
Metadata
T0 Price: $43.90
Created: 2026-06-11 18:34:41
Scored: 2026-06-11T18:35:37.255620+00:00
Updated: 2026-06-11T18:35:37.255635+00:00