Proscuitto_fan

Proscuitto_fan

ZRX is clearly in the corrective pattern. From ATH in mid-April (2.38) price went down to 1.24 when Elliott wave A has ended. From that point onwards it bounced back to 2.22 which is exactly 0.9 FIB retracement (by the book) which marked as the end of corrective wave B (also indicating this is regular flat). From that point onwards corrective wave C started and...

Proscuitto_fan

We have completed 3/5 of (C) corrective wave! It has landed perfectly at FIB 1.618 and also set non-horizontal support. I assume that in the next 48 price will raise up to 55.5k when it will touch non-horizontal resistance and not undermine (i) area. From that point onwards the final phase of corrective (C) wave will start. Price will go down to at least area 53k...

Proscuitto_fan

Like i have predicted in previous idea, I still believe that we are in the corrective patern going down somewhere between 52k and 56k

Proscuitto_fan

Looks like we are at the top of (B) of corrective wave. I assume we will test 59.5k few times in the next 12 hours. After that wave (c) will start havin 5 impulses. Wave C will end probably in rage between 52k and 56k. will see.

Proscuitto_fan

It look like we are in a wedge... will see where we will exit.

Proscuitto_fan

Just leaving right shoulder and going down to 45k? Maybe?