ICON (ICX): Let the Price Flick Around Like a Fish Out of the Water

SUMMARY

ICON (ICX) has stretched this correction as wide and long as possible and while the sideways action potential shouldn't be underestimated, the complex wave count (white wxyxz) could be nearer to its terminal end. The below chart shows the subwaves that point towards a potential and proposed wave Z target zone. The contractin MACD also confirms that a trend reversal point isn't too far off.

Subwave counts show that Z wave's (c)'s subwaves 1,2,3,4,5 has two remaining to complete; waves 4 and 5. This chart and analysis too also point to the end of APril time frame for completiong. So, until then, perhaps we let the price flick around a while longer, like a fish out of the water.

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Elliott Wave Counting Tutorial #1
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