Daily Price Movement / General Discussion, page-38192

I just posted an area (extract) of the chart ... an area I identified a while back where I think the downtrend might end ... it is at the lower end of scale of the mentioned area ... I do look at the broader picture and apply some logic based on what I see in the chart ... obviously the chart alone does not take current external factors into account e.g. current macro environment, etc. ... so it is/was my best guess if you like based on a combination of things.

In short this area for me is the last "defense" if you like against the downtrend ... if it breaks through this and stays there for a while i.e. does not bounce back immediately then I think there is trouble due to the amount of resistance that has formed above it (it formed huge volume clusters above it already which acts as strong resistance) If Zip goes below this cluster and reaches a lower volume cluster (which is smaller than the current one), then it will be hard for Zip to come back without a super-duper announcement or insto pump to break the resistance above.

The yellow/blue bars you see are volumes traded in that price area ... have to add it is not only about the volume though

Hope I make sense

not advice, just my 2c