The DAO Chart Is at an Important Juncture in Time
Today we will look at an 8-hour chart of DAO. As many here will be aware, it has been relatively lackluster ever since events of last June. There are two distinctly obvious ways to draw a bear setup on this chart. It is very hard, maybe impossible, to know which of the setups is the “best” one. There are many clues, but in the end, the fractal nature of the market makes any reasonable Gann setup work, at least for a while. Having said that, let’s look at this setup: We can see ample indications that the market respects the setup, as indicated by the arrows. I won’t bother pointing out the....
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