Good Morning,
Hope all is well. As you can see we have VZ flip flopping in a consolidation zone. A break above resistance bullish, a break below support bearish. There was a gap created nearing the end of the last bull wave into a correction. This gap was then filled however VZ failed to maintain momentum and is now in a consolidation zone. From the way VZ dropped into consolidation & also fell below the 4th wave on the last bullish run, my bets is on a further downtrend to lower lows.
Enjoy!
Hope all is well. As you can see we have VZ flip flopping in a consolidation zone. A break above resistance bullish, a break below support bearish. There was a gap created nearing the end of the last bull wave into a correction. This gap was then filled however VZ failed to maintain momentum and is now in a consolidation zone. From the way VZ dropped into consolidation & also fell below the 4th wave on the last bullish run, my bets is on a further downtrend to lower lows.
Enjoy!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.