ZM: Leading diagonal in play
This is how I see Zoom Video. We have completed Wave III of the cycle from the March 2020 lows at the high ($588) and experienced a pullback in Wave IV. Wave IV pullback was completed in a WXY correction at the low of 366. From there ZM began Wave V, where price action is currently extending in a leading diagonal structure to complete Wave V. My estimated target for the Wave V high is $725, the inverse 1.618 extension of Waves III - IV. Let me know what you think guys, especially if you have experience/ expertise in Elliot Wave analysis. Thanks and Happy Holidays!
My charts are created using Elliot Wave analysis in combination with fibonacci extension and retracements.
My charts are created using Elliot Wave analysis in combination with fibonacci extension and retracements.
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