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Dash flashback: ABC correction approaches key support [Video]

Dash flashback: ABC correction approaches key support [Video]
Gregor HorvatGregor HorvatWavetraders

Back on September 11, we identified a completed wave 5 following a nice five-wave impulse in Dash and warned about a higher-degree ABC corrective setback towards the 47–46 support zone.

dshusd4hsep11
DSHUSD 4h Chart From September 11

Since then, DASH has made an impulsive drop into wave A, followed by a projected corrective recovery within wave B. We can now see wave C progressing towards the first support area at 47–42, with deeper support at 40–36. The ABC correction may be approaching its final stages, and once it fully completes, we will look for a bullish continuation. Bulls would regain control only above the 70 area.

DSHUSDOCT12
DSHUSD 4h Chart From October 12

For more analysis like this, you may want to join our live webinar today on Monday, October 12 @ 15.00CET: DIRECT LINK

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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