DASH - Need to cool down after perfect EW pattern

Jun 4, 2019

We appear to be done with 5 waves as part of the uptrend. Wave 3 was 1.618 Fib ext of wave 1 and wave 5 is 1:1 ext of wave3. This a textbook EW impulse waves

After 5 waves up, ABC correction follows and ideally I would expect the correction to go to 0.618Fib area where there is support (blue line)

Jul 30, 2019

Trade closed: target reached

Target hit perfectly (blue line) and despite the wicks above the PreCapitulation resistance (dotted red line), it still rejected the price