ZRX has been very strong since bottoming and then consolidating. Break out from resistance ceiling was perfect with an exact retest. Now approaching possible Wave End Points, that could cause retrace.
0.308-09 is current resistance which should cause a dip. 0.316-17 is most likely target and possible Top for a while. 0.328-31 if reached will almost definitely end this wave.
Previous ZRX plots:
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Pulling back as expected. First line of defense for bulls coming at the green 2.618
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So much for that first line of defense, breached. Time to fall back to second line of defense.
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Bulls taking control, after successfully navigating thru a Fib Cluster
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ZRX minding its fibs very politely Looks like it will go for next reistance above, .316-317
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Moment of Truth Higher Highs? or Double Top?
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Rejection on First attempt
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That was a rejection allright, BUT we have a clean bounce on top of a fib band