Is $ZIL really in a Corrective trend or an extended 5th Wave?NOT FINANCIAL ADVICE
In this previous chart (shared below), I anticipated that if $ZIL broke $0.19 resistance, that we might be in a 'fake' correction -- and it turned out so, as price action carried the momentum towards an extended fifth wave:
So the recent pullback actions (mid-Feb to early-Mar) were not sustained enough nor strong enough to warrant a full correction taking place, so we're left desiring for a bigger pullback this time round -- if only for us to launch towards an even bigger, stronger and more impressive bull run to break previous ATH of $0.23.
With this latest chart to accompany us, we can anticipate our next support levels for $ZIL Bulls to take note of.
The Bulls will need to keep price action above $0.15 to prevent any further corrections.
If this major support level is broken, we could see $ZIL dip towards its next strong support level of $0.11.
Can the Bulls keep this Fifth Wave running hotter than it's meant to, or are we going to see it dip further?
