Zi has been on a run for the past couple of months forming amazing ascending channel. It is currently resting at support and opening a long position should be relatively low risk if we use SL below the support. From my analysis, we could potentially be at the start of a minor wave 3 of the major wave 3 which could produce a massive move to the upside. Currently ZI...
I think we are current riding wave 3 impulse move and will reverse when SPY reaches 475 to 505. Correction could bring it down to the 1.23 fib level. I tried considering March 2020 top as wave 3 and the current bullish wave as wave 5 but the proportion doesn't work as elegantly. the bullish cycle could see wave 5 far higher upto 600 700 SPY. I used the time cycles...
