ZRX - When is this Thing Going to Move?!

ZRX, buddy, you're making me look bad.

We see on the chart we may have broken through previous bottom trendline dating back to march lows.

Currently we're seeing a period of price consolidation. Higher lows since the last retest of Key support.

Hesitant to call it because I've been waiting on this sucker to come back since it went down, but looks like we're nearing a potential breakout.

Keep an eye on this, if it breaks support it will be down to next support, and leaving the march trendline worries me, but the market movement in general today makes me much more confident we'll see something good here soon.

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Comment:

Should also add, we're bout 2/3rds of the way through the triangle. If we go by Edwards & Mcgee 101 that's the best spot for a breakout to occur. Later in the triangle there's a chance the psychology will change and we'll get a breakdown.

Comment:

first TP hit. Expecting many more gains. Finally.