Member Request: A Look at $DOCN

A member has requested that I look at $DOCN. The rally looks mature to me. It counts well as nearing a 5-wave structure complete. The divergence also suggests that we may be nearing the end of a move. If it tops soon, it may correct in a multi-week correction heading in the direction of the orange box below in some kind of 3-wave corrective pattern.

DOCN


[UPDATE]: This was, in fact, near a top, and has begun a large descent. I will file this under “Successful Calls.” I will need to monitor the price action from here prior to making a new call.

DOCN


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