ZRX returns to impulse core
Updated
ZRX with impulse core (blue zone) and redux (red retracement). Two interesting fibonacci setups.
- White circles indicate pings where price has a strong reaction to the fibonacci levels.
- Impulse core from 2017
Note
3 pings on the 1hr chartNote
Price found support after the 8th Fibonacci Time Zone (21) on the 1 week chart which is a potential reversal zone. This is shown in the chart below with the current level of support marked in red as "Point of control".
Note
Levels playing out well
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