⚡️ Market Context
ICP is developing an ABC corrective to impulsive structure on the 4H timeframe, with the market now positioned ahead of what could be a third and final bullish leg. This follows two completed phases that shaped the current setup.
📈 Chart Explanation
The first leg (a) marked the breakout from a previous descending trendline, confirming an initial shift in structure. The second leg (b) formed as a corrective pullback through a descending channel. The current focus is on leg (c), the third phase of the pattern, which points toward higher target levels if the structure completes as expected.
📈 Outlook
If the ABC structure plays out, ICP could see continued upside as the third leg develops. Because this setup unfolds on a lower timeframe, volatility can be sharper and structure can shift quickly, so confirmation of continuation remains important before drawing firm conclusions.
