I don't think DSHUSD is ready to break its ascending wedge. It will turn to test the upper line, then break its small rising channel to test the trendline itself, thus form an inverse H&S pattern. That should be enough to trigger a rally and break the wedge but if it fails, I think DSHUSD should test the previous lows (616 or so). That might also fail and in that case, it can go as low as the bottom border of the wedge. Let's hope it won't go to that low.
Volumes saying us that only intraday traders are playing with this at the moment. Once one of the formations is triggered, I think volumes will go up and big players come into play, thus fuel the rally even more (or fuel the downside movement even more).
Volumes saying us that only intraday traders are playing with this at the moment. Once one of the formations is triggered, I think volumes will go up and big players come into play, thus fuel the rally even more (or fuel the downside movement even more).