This Is Pure, Unadulterated Symmetry
Zimmer
Holdings
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PowerRating) has made an initial move down out of our Fibonacci
price resistance zone as
anticipated after completing the Bearish Butterfly pattern. So, what does
the landscape look like now? To answer that, let’s take a peek at the daily
and 60-minute charts.
First, take a look at the 60-minute
chart. As you can see it has been a steep
rise for the past month in this stock. There have been three pullbacks along the
way. Each of those pullbacks were right at 2 points. Guess what? From the high a
few days ago in this stock to today’s low, we are at a 2 point decline. Folks,
that is pure unadulterated symmetry. So, the immediate decision comes down to
whether this company respects symmetry and continues to rally or pushes down
through it.
If symmetry is violated then we
can look at this daily chart below. So, in the case that
(
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PowerRating) chooses to
keep going down, the next stop is our focus price support zone from 40.77-41.90.
This is my first objective on the trade if the current swing high holds.
 
Have a great night!