1. The Big Picture: Wave Structure
Down-trend Completion
A five-wave decline (labelled “5” at the bottom, ≈ $69.56) finishes in early March 2025.
Complex Correction (W-X-Y)
From December 2024 into March 2025 the market chops out a W-X-Y sideways correction between roughly $70–83.
New Uptrend (Impulse)
Wave 1 up to $84.53
Wave 2 pullback into the 0.5–0.707 zone ($77.05 | 75.28 | 73.95)
Wave 3 powerful thrust into the high-90s
Wave 4 shallow retrace into the mid-$80s
Wave 5 of 3 (current leg) pushing into the low-$100s
2. Current Position: Subwave 5 of Wave 3
Price now: $101.39
We appear to be in the 5th subwave of the larger Wave 3.
That means one more small thrust higher is likely before Wave 3 completes.
3. Target Zone for Wave 3
The 1.618 × Wave 1→3 extension sits at 104.18.
The grey box (~$103–$106) marks our Wave 3 target.
Traders often look to take partial profits as price enters this zone.
4. Key Support / Invalidation Levels
Short-term bump: 23.6% of Wave 4→5, at ≈ $100.00
Primary support: old Wave 4 high / 38.2% retracement, at ≈ $97.50
Invalidation: a clear break below $97.50 would argue that the Wave 5 advance is failing (and could reopen a deeper correction).
5. What Happens After Wave 3?
Once Wave 3 tops out (~104–106), expect a Wave 4 correction of that entire impulse.
Typical Wave 4 depth is 38.2% of Wave 3: that would put a pullback into roughly $90–92.
After Wave 4 completes, a final Wave 5 higher would target new all-time highs.
6. Trading Plan Ideas
Long exposure: add on small dips down to $100–$100.50, keep stops under $97.50.
Partial profit: begin scaling out as price enters $103–$106.
Watch for reversal signals (e.g. bearish divergence, high-volume down days) once inside the grey box—this will mark the end of the impulsive Wave 3.
Bottom line: DG is in the late stages of a textbook Elliott-Wave 3, with one last run higher into the $104–$106 zone likely, then a healthy multi-week pullback (Wave 4) should follow. Keep your stops under $97.50 and look to lock in profits as you approach that extension target.
Down-trend Completion
A five-wave decline (labelled “5” at the bottom, ≈ $69.56) finishes in early March 2025.
Complex Correction (W-X-Y)
From December 2024 into March 2025 the market chops out a W-X-Y sideways correction between roughly $70–83.
New Uptrend (Impulse)
Wave 1 up to $84.53
Wave 2 pullback into the 0.5–0.707 zone ($77.05 | 75.28 | 73.95)
Wave 3 powerful thrust into the high-90s
Wave 4 shallow retrace into the mid-$80s
Wave 5 of 3 (current leg) pushing into the low-$100s
2. Current Position: Subwave 5 of Wave 3
Price now: $101.39
We appear to be in the 5th subwave of the larger Wave 3.
That means one more small thrust higher is likely before Wave 3 completes.
3. Target Zone for Wave 3
The 1.618 × Wave 1→3 extension sits at 104.18.
The grey box (~$103–$106) marks our Wave 3 target.
Traders often look to take partial profits as price enters this zone.
4. Key Support / Invalidation Levels
Short-term bump: 23.6% of Wave 4→5, at ≈ $100.00
Primary support: old Wave 4 high / 38.2% retracement, at ≈ $97.50
Invalidation: a clear break below $97.50 would argue that the Wave 5 advance is failing (and could reopen a deeper correction).
5. What Happens After Wave 3?
Once Wave 3 tops out (~104–106), expect a Wave 4 correction of that entire impulse.
Typical Wave 4 depth is 38.2% of Wave 3: that would put a pullback into roughly $90–92.
After Wave 4 completes, a final Wave 5 higher would target new all-time highs.
6. Trading Plan Ideas
Long exposure: add on small dips down to $100–$100.50, keep stops under $97.50.
Partial profit: begin scaling out as price enters $103–$106.
Watch for reversal signals (e.g. bearish divergence, high-volume down days) once inside the grey box—this will mark the end of the impulsive Wave 3.
Bottom line: DG is in the late stages of a textbook Elliott-Wave 3, with one last run higher into the $104–$106 zone likely, then a healthy multi-week pullback (Wave 4) should follow. Keep your stops under $97.50 and look to lock in profits as you approach that extension target.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.