Zions Bancorporation N.A.Mis à jour ZIONS bank cresting the top of a ascending wedge.
Things aren't looking good for the banks, and ZION (Zion's Bank) missed on its recent earnings expectations. It's now nearing the top of an ascending wedge, and as many traders know, this can be a really bad sign for any stock, and could be indicating a coming trend reversal.
Watch the levels on the chart with the dashed white trend lines to help predict future moves. If the lower ascending wedge line is broken, and one full candle closes below it, it may be the sign the the shorts have been looking/waiting for to enter a medium term short position.
I do not own this stock, nor am I trading any options, or by any other method, this is just simply me taking a look at the charts, and I noticed this pattern.
Happy trading, and always use a stop.
Watch the levels on the chart with the dashed white trend lines to help predict future moves. If the lower ascending wedge line is broken, and one full candle closes below it, it may be the sign the the shorts have been looking/waiting for to enter a medium term short position.
I do not own this stock, nor am I trading any options, or by any other method, this is just simply me taking a look at the charts, and I noticed this pattern.
Happy trading, and always use a stop.
Note
Here's a better perspective of the ascending wedge pattern that has formed over the past 10 months on the daily chart. Note
And also the 15 min chart, at the time this chart was posted. 
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.