IF YOU ARE BULLISH:
- Expect bounce of support at $0.017 to go on an impulse (minor) wave 3 climb.
- ZIL to reach between $0.021 to $0.0232 in the short term
IF YOU ARE BEARISH:
- Expect to break support level and go lower than $0.017 as ZIL continues a protracted countertrending (intermediate) wave 2
- aka an extended corrective (minor) wave C
Takeaways:
- not sure if it's good to go LONG or SHORT until further confirmations
- sit tight and let the bears or bulls give you further clarity
- Expect bounce of support at $0.017 to go on an impulse (minor) wave 3 climb.
- ZIL to reach between $0.021 to $0.0232 in the short term
IF YOU ARE BEARISH:
- Expect to break support level and go lower than $0.017 as ZIL continues a protracted countertrending (intermediate) wave 2
- aka an extended corrective (minor) wave C
Takeaways:
- not sure if it's good to go LONG or SHORT until further confirmations
- sit tight and let the bears or bulls give you further clarity
Comment:
$ZIL matched stock markets and dipped below the support ($0.0170). We now get confirmation that we are still in counter-trending Intermediate Cycle Wave ((2)) or Minor Cycle Corrective Wave C.
