This is my assessment of ZIP and has been for a few years without major adjustment. It's always behaved really nice for me, provided we are potentially in a tech sell off with the likes of A2M, APT, APX etc. I trade the graph in front of me though not the news. So if Zip breaks the current downtrend and holds on a few days I'm in with a tight stop loss and target...
Zip on the verge of Completing the Zig-Zag (5-3-5) Corrective Pattern...Testing the Critical Support...will fly off to the channel, retest and then fly off again for Impulse Wave again.
Zipco in good Fibonacci retracement, and bottom of MACD, good time to buy for long investment. Cheers Alan Tang fxanalyst.net
- Our first Video IDEA on Tradingview! - My thought process outlined in the video, let us know YOUR thoughts!
Afternoon All After updating our previous chart on Z1P this is what we’re looking at right now: - We’re currently at this key level of liquidity, we we’re seeing a lot of sell pressure mounting around that $8 level. - This lines up PERFECTLY with our 50 Fibonacci level & somewhat completes the right shoulder of this huge formation - If we’re to see this play out...
- A move the next Demand Zone is on the cards, most of the indicators are pointing in this direction - Notably our home grown Indicator Steamroller - After this a move to the 50 Fibs - Which lines up with liquidity on the left as shown by the white line - This would complete a H&S scenario and could see us close the GAP and move to around that lower Demand Zone.
On the 20th of May we saw Z1P getting absolutely munted. Could this happen again? Averages present the fact that we could see a shorting opportunity but within the next month we could see another significant increase. Just be aware guys that my usrname is losing money for a reason. Don't go by my word at all im literally a noob at trading with zero rep. feedback...