ZRX is clearly in the corrective pattern. From ATH in mid-April (2.38) price went down to 1.24 when Elliott wave A has ended. From that point onwards it bounced back to 2.22 which is exactly 0.9 FIB retracement (by the book) which marked as the end of corrective wave B (also indicating this is regular flat). From that point onwards corrective wave C started and...
We have completed 3/5 of (C) corrective wave! It has landed perfectly at FIB 1.618 and also set non-horizontal support. I assume that in the next 48 price will raise up to 55.5k when it will touch non-horizontal resistance and not undermine (i) area. From that point onwards the final phase of corrective (C) wave will start. Price will go down to at least area 53k...
Looks like we are at the top of (B) of corrective wave. I assume we will test 59.5k few times in the next 12 hours. After that wave (c) will start havin 5 impulses. Wave C will end probably in rage between 52k and 56k. will see.
