if no oil is found or at least the potential of oil being found soon than it will continue dropping and my projection is null. but if at least the potential seems stronger than my projection may very well play out.
Comment:
The projected drop with the momentum indicators I marked on the chart in yellow happened due to them not finding oil. Now it looks like it's formed a base and could back up to at least $1/share in the next couple of weeks.
Comment:
gaps close and sure enough today the most recent gap has closed. if this holds for a few days we could see ZN start making it's way up as predicted.