$ZIL's price action may have performed extremely well of late but let's not get too carried away too soon, as talks of US stimulus isn't yet confirmed.
Also, what not with lockdowns appearing in many countries, along with unemployment and defaults on the rise -- but I will do my best not to rain on your parade.
Precisely why I have decided to work on a fresh calculation for ZILUSDT 4h chart -- so that we can work with a clean temple.
With the recent dip, which an Elliot Wave study strongly surmises as a corrective Wave 4, a reversal at this level would be confirmation that we are to expect a Wave 5 in the near future.
Our Target Price (TP) for Wave 5 today is $0.062 and entering a fresh position today would mean that we get to flip up 55% in profits -- but the BIG QUESTION isn't how much our portfolio can increase by, but rather has Wave 4 completed fully or only 1/3 of the way (ie we are only at Corrective Wave A)?
My recommendation would be to hold fast, dig in, and let the bulls and bears play it out further, at least until after Christmas.
Until then, stay safe.
Also, what not with lockdowns appearing in many countries, along with unemployment and defaults on the rise -- but I will do my best not to rain on your parade.
Precisely why I have decided to work on a fresh calculation for ZILUSDT 4h chart -- so that we can work with a clean temple.
With the recent dip, which an Elliot Wave study strongly surmises as a corrective Wave 4, a reversal at this level would be confirmation that we are to expect a Wave 5 in the near future.
Our Target Price (TP) for Wave 5 today is $0.062 and entering a fresh position today would mean that we get to flip up 55% in profits -- but the BIG QUESTION isn't how much our portfolio can increase by, but rather has Wave 4 completed fully or only 1/3 of the way (ie we are only at Corrective Wave A)?
My recommendation would be to hold fast, dig in, and let the bulls and bears play it out further, at least until after Christmas.
Until then, stay safe.
Comment:
A clear corrective wave ABC seems to be playing out. $ZIL continues its consolidation trend.
Comment:
Will no longer update this study. Please view my latest ZILUSDT 4H Chart instead of this one.
