14Nov
Zoom Video Communications Inc., Elliott Wave Technical Analysis Monday 14 November 2022
Zoom Video Communications Inc., Elliott Wave Technical Analysis Monday 14 November 2022
4 Hour
ZM Stock Market Analysis: Here’s a closer to at the subcount for wave {iv}. It appears to be a regular flat. As we stand right between the 50 and 38.2% fib retracement that’s the ideal area for a wave four to end.
ZM Elliott Wave count: Wave (c) of {iv}.
ZM Technical Indicators: Close to the 200EMA and RSI is entering overbought territory.
ZM Trading Strategy: Looking for a down move to signal the beginning of wave {v} before considering shorts.
Daily
ZM Stock Market Analysis: Looking for a wave {iv} to be completed anytime soon. The move down from around 86$ to 70$ is a three wave move therefore it cannot be wave {v}.
ZM Elliott Wave Count: Wave (c) of {iv}.
ZM Technical Indicators: Very far off the 200EMA and past the 38.2% fib retracement.
ZM Trading Strategy: Waiting for confirmation wave {iv} is ended. Invalidation level is at 96.4$.
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