Elliott Waves Trades
By Pavlos D
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$DG Daily Chart
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📊 $DG Technical Analysis – Daily Chart
Gap Zone: $97.00 → $122.47
Current Price: $93.07
🔍 Breakdown:
Trend Reversal in Play: After months of sustained selling, $DG has broken out of its downtrend channel. Price action shows higher lows and a clean push toward prior resistance.
Gap Zone Above:
There's a significant gap zone from $97 to $122.47. These levels often act as magnets for price — especially when the move into the gap comes with momentum.
Momentum Shift:
The recent push through the red downtrend channel signals buyers are stepping back in. If $97 breaks and holds, price could start filling that gap quickly.
Structure & Volume:
Clean structure with bullish candles forming post-pivot (marked "P"). Continued volume follow-through would confirm institutional buying.
🧠 Trade View:
Bullish Bias:
✅ A breakout and close above $97 could lead to a gap fill run toward $122.47.
⚠️ Watch for a pullback retest of $97 as new support.
Bearish Risk:
🚫 Rejection below $97 could mean a fade back into the $85–$88 range before buyers step back in.
🔎 What to Watch:
Volume on the break of $97
Reaction near the mid-gap area (~$108–$112)
Reversal candles or exhaustion near the top of the gap
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