$ZS W, in log since it looks better and look smarter. Current pa we're in, weekly flag measured move brings us to around 21.1.
Overall megaphone pattern with a measured move around $19 when we do get a break
141.40 is poc from covid and 47 is is poc from IPO
127 break and we can see free fall from volume gap and not much strong supports in between
we still up 340%...
As in an "undercut and rally"... mixed with an "episodic pivot"? The setup is not clean but the volume is noteworthy. That would be an ideal time to get in if the market did find a bottom
two fake out breakouts past long trigger, you could have made some nice profits from second break though.
breaking bullish trend support, watching for break of 161.5 for downside continuation.
break above 174.33 for long scalps
broke my trend resistance with some strength, but quickly coming back to reality after recent fake out breakout past local resistance!
long trigger 177.14 / short trigger 156.38
#ZS $ZS the 92.5 layer dip ;)
this is a textbook bearish downtrend channel, very tempted to short after charting this one out haha.
as long as we don't break trend resistance we most likely visit 99.19-58.30 in the future!
A megaphone has formed on ZS
Price may fall towards the bottom megaphone trend line as indicated by the double curved line
This will ultimately result in a bullish rejection however on this daily timeframe
Massive descending channel on ZS with a possible retest of upper trendline.
If you zoom in on a smaller time frame (1HR) you can clear see some resistance at 163.94 / 164 level. This level has been holding for a week now.
If that level breaks, there is not much resistance until 186 which is 5/22 lows and trendline from the highs in December. A great R:R trade.
Downward continuation as this strong resistance is in effect
Green circle is the point at which this trend line is broken and an upward shift is seen (in white)
5/9/20 EMAs converging downwards on the daily. Noting downward converging 5/9/20 EMAs on the daily. Testing Uptrend Line. MACD has already bear crossed.
Whether you wish to use QQQ or /NQ short Nasdaq at the value now 15045.88 up to the hi of 15068 (/NQ), I predict that the Nasdaq will be lower in the morning than it is now, before the Consumer Price Index is published at 8:30. Its anybody's guess as to if the Nasdaq will drop precipitously after a poor report showing inflation is continuing to rise. This is a...
