Following a bounce, ICP is predicted to encounter resistance between $7.55-$9.30 (with specific levels at $8.05 and $8.81), then experience a C-wave decline, and subsequently begin a fifth wave up, which would complete Wave 1. After Wave 1, a Wave 2 pullback is expected, leading to the start of Wave 3.
"if we have from here a bounce then this would be the first resistance area to watch between 755 and $930. But there are some additional levels like $8 $805 $8.81 and then from there we can get a C-wave decline and then from there we might start a fifth wave up. ... With these five waves, we would have wave one completed and then the wave two pullback would be next and we could see a third wave start from there."