Chart is self-explanatory.
Bear flag formation in middle of descending channel.
1. Upward trend break 2. Head & Shoulders pattern 3. Failing Cup & Handle pattern on the restest of the trend line.
Measured move portends a nasty downside move.
ZM stuck mid-way in a descending channel since Nov. '20. Bear flag setup. Target mid 200's.
Nice channel downtrend. Hitting double support - channel and price level support in the high 1600's. Looking for bounce to around 1775-1800 to the top of channel. Price action wise, 10-yr yield spiked on strong job #'s and gold stayed firm here.
1200 point measured move to 11,500 level forthcoming.
Daily Bull Flag. Flag part about to BO.
