Update: ZNGA earnings time- like tomorrow and I truly have no idea how it will react on this particular day. What I do see is that price is trending inside the macro channel and is not 4.55 at resistance. A strong level since resistance is showing also on the weekly chart. Price is still below MA50 and probably will find resistance there also. Targets for the next leg would be 5.10-5.45.
ZNGA- trying to establish a floor @ 4.28. Latest candlestick - a doji + bullish divergence => a leg to the upside. It did not make a lower low but must prove it can make a higher high. As long as the gap remains unfilled- all is good.
Maybe its kinda simpler. 4.20 is the start of the bar from the previous big gap, also was a resistance level before that. Below it will be gap filing till 3.31. Although that would be a huge stretch from the top price percent wise. i see many stocks are on these levels, in case traders think its time to bull back, we may see upside from 4.20. Contrary to this, the down trend is pretty straight and sharp, no fiddling even, figures it was pumped up to 6 on weak grounds.
All what you wrote is: I already see the price is at the breakout level and it might go up from here. On the other side, I also can see the gap that will be filled if the re-test of the b/o level fails. Ok. Why are you wasting yours and other peoples time with nonsense. Maybe its kinds simpler: dude, you really have a problem.
I'm so sorry, i did not mean to be rude or anything. Just trying to be nice and kind to everyone as indeed not everyone is a pro yet. Hope i will be able to make good predictions as well in future and kindly share it with others. As they say - the same picture can be seen from in different ways, the same thing can be said in different ways.
5.29 is it a reversal level or? I am not sure yet since I wait some reversals confirmations- hurrying with posting as usual- but this one could be a 5-0 pattern or a bullish harmonic where BC and CD are on the making. So far, a weak bullish signal is there.
Notice how nice is Fibo Arc and Gann Square touching the right level.