Will DYNEX form a 5-wave Elliott wave structure?
Обновлено
Hello everyone! Last time I did a review on DYNEX, I mentioned that I expected a correction after a strong rise to around $0.85-1.02, and then I anticipated a continuation of the upward movement of the asset.
However, it didn't quite turn out that way. After the correction to $0.85, the asset continued to decline to around $0.63, and there were further price drops below $0.50. After that, the asset entered a sideways movement with higher daily highs.
Now, I suggest considering the following scenario for price development.
On the weekly chart, it can be assumed that a 5-wave Elliott wave structure is forming. Confirmation of this would be the continuation of the asset's rise in the near future. If the asset continues its sideways movement, then this idea becomes invalid.
All targets are shown on the chart.
This is not financial advice; everything you do is at your own risk!
However, it didn't quite turn out that way. After the correction to $0.85, the asset continued to decline to around $0.63, and there were further price drops below $0.50. After that, the asset entered a sideways movement with higher daily highs.
Now, I suggest considering the following scenario for price development.
On the weekly chart, it can be assumed that a 5-wave Elliott wave structure is forming. Confirmation of this would be the continuation of the asset's rise in the near future. If the asset continues its sideways movement, then this idea becomes invalid.
All targets are shown on the chart.
This is not financial advice; everything you do is at your own risk!
Заметка
DYNEX updated its ATH
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