Dixon Technologies (1H) – Elliott Wave Update 🚀
The 1-hour chart shows a clear bullish structure with Wave (1) likely completed and Wave (2) correction finished.
🔹 Price has respected the rising trendline and broken above recent resistance.
🔹 The current move suggests the beginning of Wave (3).
🔹 If this count is correct, Wave 3 of a larger Wave 3 could be developing, which is typically the strongest and fastest phase of the trend.
🔹 Sustaining above the Wave (2) low keeps the bullish structure intact.
📈 A breakout above the recent high can confirm Wave (3) acceleration, opening the door for a strong upside move.
"Wave (2) appears complete. Wave (3) is underway — bulls are gaining momentum." 🚀
The 1-hour chart shows a clear bullish structure with Wave (1) likely completed and Wave (2) correction finished.
🔹 Price has respected the rising trendline and broken above recent resistance.
🔹 The current move suggests the beginning of Wave (3).
🔹 If this count is correct, Wave 3 of a larger Wave 3 could be developing, which is typically the strongest and fastest phase of the trend.
🔹 Sustaining above the Wave (2) low keeps the bullish structure intact.
📈 A breakout above the recent high can confirm Wave (3) acceleration, opening the door for a strong upside move.
"Wave (2) appears complete. Wave (3) is underway — bulls are gaining momentum." 🚀
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