ZMD trade ideas
$ZM Zoom Video Price Targets if 21ema Breaks
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HUGE BULLISH DIVERGENCE ON ZOOM!As you can see Tech has started to rally. Zoom seems to be the only one lagging but you can see a lot of accumulation going into a major demand zone From last years huge spike.
4HR Time fram shows Bulllish divergence into major demand Zone.
Patience Pays and I am 100% expecting a huge run from zoom going into the end of the month. Option IV is dirt cheap, this will be the next big play. I trade the naked chart just using supply and demand zones.
2 years if experience in the market. I believe tops and bottom are shown by divergences. Not Rand candles and Elliot/Fibs counts
AB = CDAnd it does equal for now. But CD can be an extension of the AB leg which would take price lower.
IvanHoe, Lancelot and William Tell, Do they envy me? Probably not
Worth watching though..LOL
Possible stop under last leg down Perhaps/well for sure/Look for a bottom consolidation before entering or a retest of the low
No recommendation//iffy/just watching
Until the 20/blue/ turns up I am just keeping an eye on this. Before i enter a bottom I like to see this SMA doing something magnificent (o:
ZM- Falling Wedge- Make or BreakZM- just broke below aVWAP from IPO- things are going to get unruly here if it can't break above the resistance of the wedge- I'd previously thought 265 would be sufficient, and while encouraging for bulls, I think we need 268 for even more conviction at this point. Breakdown out of this pattern and a complete freefall ensues- 252- 250-- 242. This is going to give us an explosive move either way, and I refuse to take my eyes off it.
Zoom Video Communications IncWednesday, 29 September 2021
23:19 PM (WIB)
Zoom keep falling after created double top, and has been tested all around of Fibonacci. From 0 F to 0.786 F. One thing that yet is 1 F or $230. I thing this falling downtrend directing to this point as strong support. After reach the lowest support, the price should move upside into key level resistance at 0.5 F or $400. Keep watch and notes.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
ZM (update)Now that we have gotten to the (Green zone) their is only (2) scenarios to look at. We are what looks like are at the "Ending" of the last part of the "5th wave minuette" of the "(3rd wave or (C wave) " which what looks like an "Ending pattern" . So now the only possibilities is that either this is an (ABC) to enter a (WXYXZ pattern) which is #1 scenario, and #2 scenario which is the "5 wave down" and knowing we have a deep "Wave 2" this " Wave 4" will be towards the following zones for a (Shallow retrace). Now the only way to know if this isnt the "5 waves down" and is the (WXYXZ pattern) is to have it break the zones and break the (.618 fibonacci Algo zone) which will lead to further upside before continued down fall.For #1 i have put zones and targets zones. As always these are my opinions.
As always happy trading : )