Bottoming Alert!

I’ve been watching $DNDN on and off and today the quantum computer in my head is alerting me that we may be seeing a bottom here.

Take a look at the daily chart below:

DNDN_daily

Did you see the low from earlier this week landed right on the 78.6% Fib retracement?  Did you also see how the two momentum indicators below both turn up and how the price action today is reflecting a “rounding up” pattern?

Price action today also crossed over the 5 min moving average line.  All of this give me a level of comfort to buy a starter position.

Look at the weekly chart below:

DNDN_weekly

Again, the weekly chart is just to show you the prior landscape.  If $DNDN is bottoming out here, we are in the process of starting a 3rd (impulse) wave of Elliot Wave Pattern.  FYI, the 3rd wave, if it is one, is usually the longest wave of the 5 waves pattern…

My 2 cents.



Categories: DNDN

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