This bounce back is typical after a large sudden drop. Current...

This bounce back is typical after a large sudden drop. Current resistance is 1.105. This needs to break to look at going long short term. Candle stick patter is commonly known as the Bear Flag.

Close edited to show actual as program does not pull after hrs data.



This similar setup applies also on the ZNO chart you asked about. Looks like I had the original resistance wrong at the 65c area, but it is 100% clear now its 72c. This needs to break... otherwise that A wave will move to 45.8c and B wave will move up to 72c. Which mean C wave is still coming.

As I said, charts are evolving art forms. It will constantly change. NASDAQ tanked last night, and I was 10points off having an order fill calling the top for the day using the fib extensions on the 5 minute chart. Missed that pot of gold...doh!