KABOOOM!! DASH = 79% PROFIT!!!

SUMMARY

The below chart shows my analysis of DASH which was posted on April 7th. It postulated that the downward wedge could dip a bit more prior to breaking out. Price at that point was $303. Price went as high as $544 which represents a 79% Profit!!

For DASH, the prospects are quite attractive from a Technical Analysis perspective. It's almost like a lyered cake so, please let me take you through the layers. The below shows an apparent Cup & Handle pattern. The rounded price formation countours can't be missed and give that the handle portion always coincides with a corrective Elliott Wave sequence, the red abc makes sense. This itself is often a wedge or a bull flag; but what's clear is that once the handle portion is complete; a breakout to higher highs is expected. So, this is the first layer.

The second layer is shown by the purple lines. It is a Cup & Handle at a higher degree of trend which encompasses the smaller pattern. The whole thing leads to a consolidation with higher prices but still allows price to churn betweenthe buyers and sellers.

Now, the next layer is the potential Inverted Head & Shoulders (white lines). IF this is correct, then the minimum price run could equate to $1,309 or so. But, given this is the minimum, it'll most likely be overrun. The LS, H, RS are shown in white and the volume thus far confirms. So, it's a three layered cake!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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