Bearish trend confirmation indications: 1. Formed Head & Shoulders and breaking the neck line 2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide. 3. Closing below the high volume price range that is $6.06 4. Next major support is at 4.65 range, which can be a good...
Z1P is consolidating and coiling for some days now and expected to move lower as the Neckline is broken. Price is expected to move lower to either Support 1 or Support 2 (in that Gap Window) to give a very good buying opportunity and move higher from there. Note: Please note these are my notes for my own future reference. By no means trading advise to anyone....
1. RZI looks good with good volume. 2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign. 3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range. 4. Over all trend is up with confirmation. 5. Good buying position is 0.800 6. I think the first take profit should be as...