Long
ZRX - Respecting the Fib Levels
Here we can see a very nice looking chart - the potential opportunity to buy the 23.6 fib level coming in at ~ $0.60. (limit order buy)
The major structure is outlined in yellow. Notice the 9 count that came in TWICE at that 23.6 fib level (TD Indicator) - a solid confirmation that the fib is still valid.
This level will likely see some initial support respect, representing a great entry point, where SL has plenty of downside room, and upside is looking juicy.
Best of luck, hit the thumbs up.
The major structure is outlined in yellow. Notice the 9 count that came in TWICE at that 23.6 fib level (TD Indicator) - a solid confirmation that the fib is still valid.
This level will likely see some initial support respect, representing a great entry point, where SL has plenty of downside room, and upside is looking juicy.
Best of luck, hit the thumbs up.
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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.
Related publications
Disclaimer
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.