ZK INTERNATIONAL GROUP (Triangle Pattern Daily Consolidation)

💎Technical Analysis Summary💎



NASDAQ: ZK INTERNATIONAL GROUP CO LTD

-Daily timeframe shows the price is following the 20MA
-We can see two rejection candles around $3.0-$2.8
-If we plot two trendlines, we can expect ZKIN to consolidate for at least 40 days
-Before a decision making at the apex of the triangle pattern
-For now, trading priority is still up but we need the price to get above the 0.5 Fib level
-And give us a follow-through to break the downward trendline resistance
-So that our Monthly and Weekly Bullish bias will increase up to the mid-term price action
-This is a wait and see game, so being patient is part of the trading





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