a comparative study on price action between DOG and PSEi. the key take away would be the time targets for significant pivot on price direction
DOG is an inverse chart of DOW 30. the assumed pivot points are indicated and determined as much as possibile ratio and proportion of swings. Target point for Dog may provide time targets for DOW turning points for possible swing trade. DOG provides for long trading as opposed to shorting DOW 30
probable consolidation until October 2021, when price holds along trendlines, a possible buy from October to a short term price target of 11.00 should a breakout from consolidation area occur.
update: Price target based of 32.32 breakout from bottom pattern.
Waves i, ii, iii, iv have bounced of the trendline limits coinciding with default KST indicator. probable minimum 5th wave would be $13.ish
from triangle breakout target price 3.70- 4.25 with corretion to 2.55 -2.00
@HKex Start of Wave 3 with price estimates and time bounded by ellipse ;)
Possible breakout from ascending triangle within wave count. With correction to around $1.ish (buy on possitive divergence) prior to progression of wave 3.
minor adjustment on abcde pattern. the "e" may be a pivot point to the opposite direction, coincides with upper channel resistance.
Cup and handle formation may be in the making....... channel of "handle" may be of use.
ABC of larger degree complete. preparing for the reversal
is the correction complete or would there be more of the correction ?
Wave C of Wave 1 of larger degree is in the process of price correction to slightly below $1 as basing level for the start of Wave 3, beggining at $1.