$DOCN: Count Update, Chart Pattern and Target

My last update on $DOCN was here, at which point I suggested it was nearing a top. Since then, it has endured a major correction. It may be counted as complete here, or: if we remain in intermediate (orange) “B” we may have more time to go. That said, there is an inverse forming here, and should it break up, it should head in the direction of the measured move target, which I have noted in the chart.

DOCN


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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

Read more “Member Request: A Look at $DOCN”


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.