After reclaiming the mid moving averages, price is now pressing against the range highs, which is the same phase where STG broke out before its impulse move.
If ZRO can hold the $1.80 area, the next levels to watch are $2.60 as the first resistance and $3 to $3.30 as the potential expansion area.
Invalidation would be losing the $1.80-1.75, which likely sends price back into the $1.60 to $1.50 range.
Not a guarantee, but the structure closely mirrors the STG fractal before its expansion.
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Content in partnership with:
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