$DOT 4hr Chart – Elliott Wave & Fib Outlook

Wave count shows a clean 5-wave impulse completed at $4.196 (Wave 5 top), with current movement forming an ABC corrective structure. We are likely in Wave (a) of the correction, now eyeing a bounce for Wave (b).

🔹 Key Fib Levels for (b) Rebound:

0.382: $3.995

0.5: $4.033

0.618: $4.071

These are potential resistance zones before a deeper (c) leg. Current low at (a) = $3.870, aligning with 0.815 retracement, indicating strong buyer reaction around this level.

Healthy correction underway — no major trend reversal yet.

Rejection from 0.618 or 0.5 zone could complete Wave (b), setting up Wave (c) pullback.

Key Levels:

✅ Hold above $3.870 keeps structure valid for bullish continuation

⚠️ Break below $3.870 may extend Wave (c) toward $3.75–$3.68 zone

🚀 Break above $4.10 invalidates correction, new bullish impulse may begin