ZRX has been respecting its short term down trend for some time now. After pushing all the way down to the long term weekly uptrend, it has bounced back up to retest resistance around 14100. If it breaks upwards here it will continue to test the short term downtrend. Rejection here will see zrx head back down to retest the weekly trend line. If this scenario plays out then I will be looking for an entry on confirmation of the trend line being respected Watching closely.
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ZRX has come back down into my buy zone and has respected the weekly uptrend. Currently retesting the short term down trend I'll will be watching closely for a break in the down trend or another test of the weekly long term up trend.