ZS eyes on $ 175.xx: key resistance that could mark the "Bottom"
Updated
ZS bounced from the major/critical support.
Now testing first seriou and proven resistance.
Break and Retest could mark+seal the bottom.
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Now testing first seriou and proven resistance.
Break and Retest could mark+seal the bottom.
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Comment
REJECTION it was
(yellow shaded area represents tine since post)
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Zoom IN (m15)
Perfect "Ping" (exact ricochet off fib that you can almost HEAR)
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PUtting a fib on the rejection (blue stripes)
IF rejection confirms, we can guess target of 159.xx)
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Trade active
BOOM !
(yellow shaded part is since posting time).
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Zoom IN (m15)
After several rejections, the same fib launched us.
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Zoom in MORE (m5), and adding fib of last push:
Gives us clear levels of interest from here.
Given the big move, we might get a dip here.
Good time to move SL to just under a support.
$ 197.18 - 194.79 is immediate support.
$ 198.63 will be the immediate resistance.
$ 187.57 - 188.54 is the key support below.
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