Dash has broken out of the wedge pattern in the daily chart.
https://s27.postimg.org/hn5rhg8f7/nimet_n.png
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Dash began a five wave advance in November 4, 2015. The impulsive move ended on August 14, 2016, and a three wave correction finished on December 23, 2016. If this wave count is correct, Dash should be heading next towards the August 14, 2016 peak.
https://s30.postimg.org/m1o4e058h/nimet_n.png
(Chart courtesy of Tradingview.com)
In the weekly chart, Dash began a wave one advance in August 2014. The wave one finished in March 2015, and the wave two correction ended on November 4, 2015. Dash is currently most likely in the wave three (sub-wave iii).
https://s30.postimg.org/bxmazria9/nimet_n.png
(Chart courtesy of Tradingview.com)
Looking at the monthly chart, Dash began a wave one advance in February 2014. The wave one finished in May 2014, and the wave two correction ended in August 2014. Dash is currently most likely in the wave three.
https://s23.postimg.org/rr7het77f/nimet_n.png
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Dash.
https://s17.postimg.org/7zbxkykfz/maarnio.png
If you think this analysis is correct, upvote this post and upvote the comment "Dash will takeout the October 21, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Dash will drop below the December 23, 2016 low".
If you think Dash is in a range, upvote this post and upvote the comment "Dash will stay in a trading range between the December 23, 2016 low and the October 21, 2016 peak until February 1".
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