ZIL Descending channel

64
Price keeps grinding to the downside, forming the green channel.

A break of the channel should lead us first to a test of blue resistance, followed by gray resistance.

Price is showing divergence in smaller timeframes, but this is not enough to consider a reversal.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.