Icon made quite a run recently and is now consolidating. It seems to have made a double top below strong resistance. Based on the various fibs, I have plotted some zones of interest.
It just pierced a support zone at .2650 so right now is a risky entry. If it gets above and confirms the zone as support then maybe a long. But ideally I am looking lower like .2300 (ideal) or even .2040 (scary).
Per my previous analysis, I still think a break of .30 will shoot to .37 quickly:
Not
ICX bulls made a valiant effort break resistance but were unable to hold it thus far
Zooming on the pullback, looks like an Impulse down and its Ripples are at play and that 4.618 around .2650 looks pretty juicy from here for both bears as well as bulls. Strong bounce from Band 4 could propel past the resistance above.
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