- DSHUSD Eyes Towards 400-500 level
- Be aware of Deep Correction after completing five waves move of 5 of5).
Looking at the daily chart, DSHUSD is still on the rise, unfolding five waves up from March 2020 lows, but we can see it now trading in wave (5) after a running flat correction in wave (4). However, there's still room for more upside towards 400-500 area, but be aware of limited gains and watch out for a higher degree corrective decline, as we know that after every five waves, a three-wave setback follows.
DSHUSD Elliott Wave Analysis Daily Chart
On 4h chart, DSHUSD remains under bullish pressure and it's trying to continue higher back to highs for wave (5), ideally within a new five-wave cycle, where waves 4 and 5 are still missing. So, it can ideally stop somewhere in the 400-500 area and from where we should be aware of deeper, higher degree corrective decline.
DSHUSD Elliott Wave Analysis 4h Chart
By using www.ew-forecast.com website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.ew-forecast.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.