SUMMARY

DASH is sporting a spear straight extended wave 5. This means that the correction could go towards the prior wave 2. That's about 20% below current levels. The wedge pattern breakout is leading to a lower low; targeting that wave 2 zone. Current price activity is confined with parallel lines and channeling.

The subwaves show that the wedge breaksdown into abcde that are complete. The channel can also be labeled as abcde and the last e wave seems to be in progress. The prior wave 2 zone is at around $253 and E wave could complete around there.

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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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