Follow up to my last Buy call which sprang for 60% gains (click).
ZRX launched a nearly vertical climb which is common for wave 3's.
Currently appears to be in a Triangle pattern common to wave 4's.
Breakout of this consolidation should go for a new high as wave 5.
Wave 5's are less "predictable" than wave 3's and 4's.
It is possible that we get a "double top" with wave 3.
It is more likely that we get a "higher high" into Band 6.
Left chart is 2-day timeframe for the Big Picture Fib.
Right upper is 12-hour tf for fib of last wave down.
Right Lower is 1-hour tf for fib of bounce thus far.
0.2900 - 0.2930 would be a good Take Profit zone.
0.2640 - 0.2650 would a good Trailing Stop if surpassed.
0.3440 - 0.3780 would be the highest expectable target.
ZRX launched a nearly vertical climb which is common for wave 3's.
Currently appears to be in a Triangle pattern common to wave 4's.
Breakout of this consolidation should go for a new high as wave 5.
Wave 5's are less "predictable" than wave 3's and 4's.
It is possible that we get a "double top" with wave 3.
It is more likely that we get a "higher high" into Band 6.
Left chart is 2-day timeframe for the Big Picture Fib.
Right upper is 12-hour tf for fib of last wave down.
Right Lower is 1-hour tf for fib of bounce thus far.
0.2900 - 0.2930 would be a good Take Profit zone.
0.2640 - 0.2650 would a good Trailing Stop if surpassed.
0.3440 - 0.3780 would be the highest expectable target.
Note
As mentioned, we may not get a real wave 5, BUT it is still viable as long as $0.200 holds .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.