Breakout of falling wedge pattern in $ZM Zoom

2 Şub 2023

In this script we see a nice falling wedge pattern formed and a breakout is seen on daily and weekly charts.
The failure rate of falling wedge pattern is around 8-15% so its a high probability setup.
Based on setup targets can be 88, 120 with stop-loss around 73 or 66 based on daily closing basis.
any dip from here can be good point to enter.

5 Şub 2023

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Also, if you see the RSI divergence on weekly chart of ZM Zoom along with falling wedge breakout the probability of script moving upside increases.
Just respect the stop loss and risk reward and one can make most of this setup :)
Happy trading!

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