Since April 2025, Dynatrace has established a local uptrend. Based on the daily chart, the recent drop below $53 appears to have fulfilled one of the likely targets for wave iv. This may represent wave iv of a five-wave impulse originating from the April low. If correct, wave v is expected to push above the high of wave iii.
There are two potential trade setups:
Trade 1: Entry at the current price (~$53.00), with a stop-loss at $52.34.
Trade 2: Entry at $51.54, with a final stop-loss at $48.89. This entry level is supported by a price gap and Fibonacci retracement zone, making it technically stronger.
In both cases, the initial target is $57.55. A potential resistance zone lies above $60.70, based on prior selling activity.
There are two potential trade setups:
Trade 1: Entry at the current price (~$53.00), with a stop-loss at $52.34.
Trade 2: Entry at $51.54, with a final stop-loss at $48.89. This entry level is supported by a price gap and Fibonacci retracement zone, making it technically stronger.
In both cases, the initial target is $57.55. A potential resistance zone lies above $60.70, based on prior selling activity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.