ZRXUSD retrace watch again: 0x hit targets and is pulling back

Zaktualizowano

ZRX made another wave up, which finished exactly at a 5.618.
The pullback so far resembles and ABC correction, staring C now.
Green zones represent support zones to watch for possible bounce.

Previously I was looking for a retrace to enter, which I did per this plan:

ZRXUSD retrace watch: 0x impulse done, retrace to where ?

the above long was executed with a "Ladder" of limit buys between the two support zones.

Uwaga

Nice little bounce exactly where expected (first zone anyway)

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Uwaga

Dissecting the drop, we see a perfect 4.236 wave (possibly an 'A' of abc coming)

and we see some local resistance zones now.

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Uwaga

Note to self: Never again discount a 2.618

I normally have great reverence for 2.618's, but was swayed to the 2.236 as resistance due to its confluence with green 4.236. But clearly the 2.618 by itself was significant.

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Uwaga

Bounce holding up pretty well, but still need to get past the immediate resistance zone above

Uwaga

Made serious progress even past resistance zones. Now watching the correction

EuroMotif

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ZRXUSD retrace watch: 0x impulse done, retrace to where ?

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