Ignore the red color. In use that part of the image could be green, blue, yellow, brown, pink, whatever. The white part is supposed to be an icon representing something.
The thing it is supposed to look like and what I suspect it looks like to many people is “below the fold”.
I asked Barb, “Does this look like a supersonic bullet or a some sort of water bug?” Her response was instantaneous and without any tone of doubt, “A water bug.”
It’s supposed to be a bullet.
I am not an artist.
Update: As AM points out in the comments the shock waves are wrong. Here is what they should look like: