SamSuka
The Long Investor
The Long Investor

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$DNA

$DNA may have caught me out there, the white circle on the 1hr chart is perfectly valid as a Wave 4 and similar in length to the green Wave 2 on the chart but it is possible that this was still Wave 3, as the price action over the last few sessions has been strong.....the 200 Day MA was also acting as a perfect resistance level, so it backed up my thought process that this was in its ABC corrective wave now, the only way it will be in its corrective wave now is if we get a double top right here today and it rejects, and going by the price action in the PM, it doesn't look like it will reject.

So likely still a bit more to run higher before getting the pull back.....the pull back is still around the same levels but will likely be 3 weeks later.

$DNA

Comments

Is DNA still going as you expected?

Kyle

No probs Kyle

Gareth Neary

Thanks for this - looking forward to a longer term chart when you have time... great work!

Kyle


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