EuroMotif

ZRXUSD rocketed (65%) from last Buy call, now plotting end point

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Follow up to my last Buy call which sprang for 60% gains (click).

ZRX launched a nearly vertical climb which is common for wave 3's.
Currently appears to be in a Triangle pattern common to wave 4's.
Breakout of this consolidation should go for a new high as wave 5.

Wave 5's are less "predictable" than wave 3's and 4's.
It is possible that we get a "double top" with wave 3.
It is more likely that we get a "higher high" into Band 6.

Left chart is 2-day timeframe for the Big Picture Fib.
Right upper is 12-hour tf for fib of last wave down.
Right Lower is 1-hour tf for fib of bounce thus far.

0.2900 - 0.2930 would be a good Take Profit zone.
0.2640 - 0.2650 would a good Trailing Stop if surpassed.
0.3440 - 0.3780 would be the highest expectable target.
Bình luận:
As mentioned, we may not get a real wave 5, BUT it is still viable as long as $0.200 holds that would still be a valid wave 4 above that. But I gotta admit that a higher high is not looking all that likely any more :(

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