Previous downward trend broken, but unconfirmed. We are setting site for resistance at previous support levels which will now play as resistance, 7200. If resistance is enough, we should see consolidation, but along new upward trend. This could be enough to get reversal. With enough momentum we could see 8500, and eventually 12700.
Overall ZRX is still bearish, expect dropdown to next level if broken downwards. Reversal will reveal itself strongly.
Overall ZRX is still bearish, expect dropdown to next level if broken downwards. Reversal will reveal itself strongly.
