Dash Remains Bearish, as we see a corrective structure within downtrend from Elliott wave perspective.
Dash remains bearish when looking at higher time frames, especially the daily chart where price came out of a downward channel, so it looks like wave four is completed and wave five is underway, ideally towards $20 where big bear market can come to an end, so ideally price will stabilize this year. Only a break back above 39.03 would be major trend changer.
So, for now we have to respect the weakness and we should be aware of more sell-offs after recent five-wave drop and current A-B-C corrective rally on 4h time frame. Resistance is at 31.50-32.
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Crude Oil Remains Bearish, Looking To Retest 2023 Levels. Check our free chart HERE.