We talked about a bullish reversal on Dash in the past months. We also mentioned and highlighted how we spotted it on November 7. CLICK HERE
Dash made a strong five-wave impulsive rally recently as anticipated, but with the current decline, it seems like a five-wave bullish impulse is finished, and we are now in a higher degree three-wave ABC corrective setback. In the 4-hour chart, it looks like it’s already trading in wave C, and it can be now in final subwave (5) of an impulse within C, which can find the strong support at 50-40 area. In case if it suddenly breaks back above 73.50 area, then support can be in place, but bullish confirmation is only above 105 level.
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