ZM - It is in Y wave down and probably will be double zigzag down. The last drop was wave A of w of Y down as the part of wxy cycle. So stay bearish on bounce of B wave near 440 level with stop level above 486. There is always a chance of X wave extension. So take small risk until it proves the down cycle as Y wave.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.