DENT - Update

11 apr 2021

Well the correction was deeper and when for longer than anticipate in my April 2 update. However the target prices remain the same, and the bullish engulfing bar to complete the correction shows that the reversal is underway.

12 apr 2021

Nota

Looking at the similarity in market structure to the price action around Feb 21 and one is filled with confidence that a fractal of this period is very likely in play right now. The next confirmation for DENT then is a hold above 0.015, and then a rally above the 0.0248 level for a new high.

17 apr 2021

Nota

While my timing for the bottom of the correction has been off, the path back above 0.015 is now looking much clearer. A break to the upside of the declining channel, with an inverse Head and Shoulders completing in the 1-hour chart, are both confirming the return to the upward trend.