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Re: Citrati post# 9962

Saturday, 09/19/2020 4:52:10 PM

Saturday, September 19, 2020 4:52:10 PM

Post# of 11290
ZI chart


5 minute candles

Interesting price movement ,follows the fib target points pretty well. but showed volatility to surpass the basic targets in both the rally and the pullback. math targets in the rally fell slightly short of the 34 target, and then the pullback went lower than the Fib target zone.which presents a bearish bias in that regard, in my view ,but on the whole,hanging above 32 feels neutral here around 32.50 and thats also a balance point for this pattern.
I only looked at this little section so far.
Resistance overhead around 33 could be a big key to telling the strength of bearish energy versus bullish.

The next extension for a greater rally, has the math target zone around 38.

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