ICON (ICX) Still likely in a Complex Combination Correction

in #icon7 years ago

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.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

thanks @haejin, did you see XVG/USD? looking healthy!
Also, do you think DCN looks like a cup? if so do you think its on it way to form the second half of the cup?

Thanks Again!

Make sure you downvote all of @Haejin's scammy post!!!
Screenshot (85)_LI.jpg


Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts


@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.


HaejinWork.png


It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

Censor.gif

buy and sell, sell and buy

always get good content from yourside :) @haejin

Very informative content😄😄

Nice information

Great crypto currency post
I love it your every Post
Thanks for sharing......

plz, check xvg

Your picks are always right on time. And your chart analysis is spot on. My trades are getting better and better. Thanks for thev share.

Interesting enough. I also upvote, resteem and follow your posts.