ASX:Z1P - Liquidity feast for the bears resting below

Buyers beware! We have strong reasons for a significant plunge on Z1P. After doing an impressive 5x in 2019, it looks like the party may come to an end for the bulls.

Reasons for the trade:

• Potential Head and shoulders forming
  
• VPVR - Above value. POC @ $1.10
  
• VPVR - Could drive a truck through that 69% gap in volume
  
• Money moves towards liquidity. Significantly more below than above.
  
• Gaps, gaps, gaps! Every green line represents a gap that will want to be filled in.
  
• Confirmed bearish divergence in histogram
  

Sell signal active upon break of $3.51 level, representing the price with the second most volume traded (aside from the POC).

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Comment:

There it goes. I anticipate price making its way down to fill the aforementioned gaps.

Comment:

Yikes... didn't expect it to go down this fast. Absolute bloodbath.