The daily chart of DHR looks to be in the final stages of a Wave-4 triangle. Alternation between Wave-2 and Wave-4 of the impulsive move is a good sign. This means Wave-2 was a deep, zig-zag correction compared to a shallow, sideways correction in Wave-4. A topside break of the triangle should lead to higher prices in Wave-5. Initiating a long position with an immediate profit target at 105 (with an extension up to 107.50). A move below 95 invalidates the setup.
Trade active
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DHR still in consolidation mode, but should be nearing the end of the triangle soon. Remain long.
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