ZIL has 2 possible movement scenarios

12 במרץ 2023

ZIL has created an Inverse Rounded Bottom Pattern which means the price should do a bit of correction and goes bearish for sometime. the Pattern has not been broken yet but when it happens, the price shall Decrease as much as the measured Price movement which is shown on the chart.There could be another Scenario which will be that the Price breaks the pattern Upwardly and Reach the resistance level that is shown on the chart and why is that possible? well if you pay attention to RSI, you can see that the price has reached the oversold area which is a bullish signal so we should consider the possibility of a bullish movement as well. The Price shall do a movement pretty soon so we can predict the incoming movement right after.

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🌍Thank you for seeing idea .
Have a nice day and Good luck