ZBRA is quite a bit off the high of 615 with the low of the impulse wave up being 150.06. Long impulse wave for sure.
A channel up type of structure formed after a significant move to the downside, also known as a bear flag. This pattern is a neutral one and price can break to the upside. Price has broken to the downside.
There are different ways of calculating targets for a flag, but most use the length of the pole to guesstimate targets.
Small gap down which may fill. Plenty of resistance overhead.
Price was in a small horizontal trading channel at it's top and the 20 simple moving average crossed down through the 50 inside of the rectangle top. Some would have seen this as a solid sell signal if they wanted to get out at the top.
Price is close to falling out of the Bollinger bands set on an 80 DMA. This can also be an oversold signal. Sometimes a fall below the bands can cause a small pop to the upside, and sometimes even up to the middle band in favorable market conditions. The bands follow price.
No recommendation.
Possible Target 1 in larger orange type below price. T2 is in smaller type if T1 is passed and so on.
Possible AB=CD structure forming.
A channel up type of structure formed after a significant move to the downside, also known as a bear flag. This pattern is a neutral one and price can break to the upside. Price has broken to the downside.
There are different ways of calculating targets for a flag, but most use the length of the pole to guesstimate targets.
Small gap down which may fill. Plenty of resistance overhead.
Price was in a small horizontal trading channel at it's top and the 20 simple moving average crossed down through the 50 inside of the rectangle top. Some would have seen this as a solid sell signal if they wanted to get out at the top.
Price is close to falling out of the Bollinger bands set on an 80 DMA. This can also be an oversold signal. Sometimes a fall below the bands can cause a small pop to the upside, and sometimes even up to the middle band in favorable market conditions. The bands follow price.
No recommendation.
Possible Target 1 in larger orange type below price. T2 is in smaller type if T1 is passed and so on.
Possible AB=CD structure forming.