ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196.
If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit
Example of a possible trade is shown on the graph.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit
Example of a possible trade is shown on the graph.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
Note
The odds have slightly shifted towards bearish scenario. On the positive side - bulls managed to set daily higher low and protected 192.5. On the negative - price rejection was quite strong. If you're NOT in this trade it makes sense to stay away for a while. If you're already in, there is still a chance it will work out but consider some risk mitigation actions (reducing position, partial profit taking)
Trade fermée: ordre d’arrêt atteint
didn't work out
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.