DASH Correction Bottom Prospect

SUMMARY

DASH has been shown previously with the WXY label as can be seen in below chart. A lower low had been called to be likely. Wave Y subdivides well into a precision cut abc with c not yet complete. Both W and X also show abc subwaves in red.

A close up of the final c wave of Y as shown by blue impulse waves. Since C waves always have five subwaves, the blue wave v is made about equal to blue wave i. There is an expected varian on this as blue v can be 1.5x the length of wave i.

The hourly chart allows even more detailed view of blue wave v. When subwaves fall well into place; they help to gain greater confidence on the targets. IF this count is correct, $376 o or so should be tagged as a potential bottom. IF wave 5 extends to 1.5x of wave i; target could be a bit lower.

Legal Disclaimer: 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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