Dash Showing Bullish Setup
Updated
Dash is trading nicely in A-B-C correction with triangle in B as we mentioned and projected in the last update, so it may decline beneath 300 before turn to the upside. Ideal support is between 275-295 levels and 50%-61,8% Fibo. retracement. Five waves up, broken channel resistance and three-wave correction are reasons for clear pattern, bullish view and also perfect setup.
Comment
Dash is turning nicely up from highlighted support levels. Keep in mind that there is still room for one more wave down into circled blue wave 5 of C, where we also see nice support @275 and 61,8% Fibo. Lvl. Bullish confirmation and bottom of wave (II) will be confirmed only if price goes above @335!Comment
Comment
Dash is trading near our projected support and can bounce higher!Comment
Comment
Dash bounced from our projected support!! Be aware of a break above channel resistance and 320 level for bullish confirmation and further rally towards new highs into wave (III)!Comment
👉Premium Services:
wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.