Here's the symmetrical triangle consolidation structure for $DASH on the 1H. Notice the two big wicks. These are stop hunt liquidations and it means there are still lots of bears trying to short this price action. Those types of wicks don't count when trying to determine structure. You will see less of those once bears capitulate to the fact that this is no longer a bear market! 🐂🐂 Given the big push up, this should lean towards bullish expansion as price pushes towards the apex. However, I'm seeing some bearish divergence with the RSI so there could still be a correction on this time frame.
Eric Van Tassel (Not a Financial Advisor!)Share
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