Looking on the chart in 1D, the leg down appears like an "a", so Docusign still could be in correction mode.
But the orange line is the highest Confluence Zone (for 1D), with its typical power to catch corrections from falling down
to regular exytensions. (As described in my confluence script) .
If you switch to 2h, you see that most of the downswing from 5 is an "a", probably of a zig zag - and the c wave is caught and chopped by the orange line.
So i guess that to 85% likeliness, the stock is already at the end of 2 - ready for 3, the next impulse up.
But the orange line is the highest Confluence Zone (for 1D), with its typical power to catch corrections from falling down
to regular exytensions. (As described in my confluence script) .
If you switch to 2h, you see that most of the downswing from 5 is an "a", probably of a zig zag - and the c wave is caught and chopped by the orange line.
So i guess that to 85% likeliness, the stock is already at the end of 2 - ready for 3, the next impulse up.