Another messy Gartley on ZRX 15

5 feb 2021

Another gartley pattern forming on ZRX at the 15 min mark. This one feels misleading. The ratios aren't exactly correct and the chart is pretty messy. The squeeze momentum for this timeframe indicates there's still more selling to be done and that the downtrend isn't over yet. However looking at the squeeze on the 30 and 1 hour shows there's still buying power left. However at the 30m it also shows we're at the end of 3 large peaks so I think it's unlikely that this will correct at this time.

Lets see how it plays out.