$DHR - RC -
Added 2023-10-18 15:39:41 +0000 UTCLong large Wave 4 pull back here and has been trying to hold onto support on the 0.38 Fib since the start of 2022, while still maintaining this descending wedge which is a bullish formation.
Price is below the 50 and 200 Day MA here so the trend in the short term at least is showing bearish, so we could see a retest of the bottom yellow trend line again before going higher.
Needs to hold this yellow line or it is into the bear case and a larger corrective wave.
For now, as long as it stays in the bullish formation, it has a chance of breaking to the upside and moving up to Wave 5 at $350.
