Member Request: A Look at $DOCU

A member has requested an examination of $DOCU. Though I lack a full count for it, I do have something I can say regarding the recent decline.

It has the appearance of a nest presently, and I would expect it to make a series of lower lows in the coming weeks as it—at the very least—fills out some of these threes, fours and fives.

In doing so, if it does so in a controlled manner, it may eventually form a bullish wedge and eventually get a relief rally, but I would not expect that immediately.


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