$ZIG switching to an upward trend at 14th OR 15th december! Here’s the Zignaly ( AMEX:ZIG ) 8h chart. Since December 5th, we’ve been in a downtrend with occasional small legs up, but no higher highs have been formed. The KDJ indicator has given several buy and sell signals, with the second buy signal being very short-lived. Since December 5th, no higher highs have been made, which confirms the ongoing downtrend.
Here come's the fun part. Looking at the data since December 1st, all downtrends have lasted around two days which you can clearly see at the white markings. Based on this pattern, we might see a reversal to an upward trend around Saturday, December 14th. I’m personally looking to buy again within the ranges marked by the two green boxes I’ve drawn.
Buy: 0.140 - 0.135
OR
Buy 0.131 - 0.127
Good luck and happy trading!
Kevin
