Looking at $ICP through an Elliott lens — potential bearish barrier triangle may have just finished wave E.
If this structure holds, a clean break under $1.97 support opens the door for a sharp thrust lower and new lows. That's the risk case.
Invalidation comes above $3.60 (wave E high). Above that, the triangle read breaks and we're back to the drawing board.
Not a call, just a setup. Watch the levels, respect the stop, and let structure confirm before leaning in.
If this structure holds, a clean break under $1.97 support opens the door for a sharp thrust lower and new lows. That's the risk case.
Invalidation comes above $3.60 (wave E high). Above that, the triangle read breaks and we're back to the drawing board.
Not a call, just a setup. Watch the levels, respect the stop, and let structure confirm before leaning in.