A potential Cypher pattern is forming for Zoom. If will mark a bullish sign if it completes. Currently confluence can be observed at the FIB 0.786 (line-in-the-sand).
Extension of CD leg must be within 1.27-2 FB extension of the AB leg to be confirmed.
Also watch as the MACD is close to a short term bearish cross over.
Extension of CD leg must be within 1.27-2 FB extension of the AB leg to be confirmed.
Also watch as the MACD is close to a short term bearish cross over.