another idea looking into the fib retracement lines and starting to see potential for a couple of patterns. first of all from the 19/3/20 to 15/4 that retracement almost made it to fib .5 before turning upwards. so just a basic repeat again but could be a little more difficult with the $3.00 support line might just hold it up a bit higher before climbing again. I've published this on a Friday when the market closed.
ive put in a order for zip at 2.88 hoping to jag it before turning around somewhere between fib .618 and .5
another interesting pattern is we have the left shoulder and the head falling to the right shoulder potentially. if zip becomes more bearish then food for thought.
however personally I'm more inclined to believe zip is going to continue to track upwards simply because they and the likes of APT (afterpay) are doing very well even in this climate, and firmly believe that BNPL is the future.
ive put in a order for zip at 2.88 hoping to jag it before turning around somewhere between fib .618 and .5
another interesting pattern is we have the left shoulder and the head falling to the right shoulder potentially. if zip becomes more bearish then food for thought.
however personally I'm more inclined to believe zip is going to continue to track upwards simply because they and the likes of APT (afterpay) are doing very well even in this climate, and firmly believe that BNPL is the future.