ZO1! Potential For Bullish Rise

١٣ ديسمبر ٢٠٢٢

Looking at the H4 chart, my overall bias for ZO1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. However, I am looking to play the pullback. So, I am looking for a possible buy limit entry at 321.125, where the 127.2% Fibonacci extension line and -27.2% Fibonacci expansion line are. Stop loss will be at 161.8% Fibonacci extension line and -61.8% Fibonacci expansion line are. Take profit will be at 369.125, where the 38.2% and 50% Fibonacci lines are.

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