ICON (ICX) Still likely in a Complex Combination Correction

SUMMARY

ICON (ICX) price retraced as far as the 0.88 Fibonacci level; the zone most stocks don't delve to as much as Cryptos. The red wxyxz waves seem likely to have played out as shown in the below chart.

Subwaves have fallen into position where the final red Z wave is counting as an abc (blue) and the final c is composed of a five wave down. If the current rise is to correct, it can't go below it's origin as then it would call for a potential lower low. However, since Z was also a triangle and so the whole correction was a complex combination type, a lower low would not only invalidate the combination attribute and not the wxyxz complex. ICX seems to have faired pretty well today; let's see how the next few days play out.

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