Following the Trendline: Range Bound or is the Pullback Over?DoorDash, Inc. Class ABATS:DASHWis_DASH > Oscillators, MA's, and just about every other indicator is in red territory on the daily and weekly charts; thus there is no trade presenting itself at the moment. > $155 is acting as a reliable support level. > $150 is the next bearish CHoCH, breaking that would signal the invalidation of this trade idea. > $161 - $165 level is the next bullish CHoCH, breaking that would signal the start of recovery. > While it is possible to trade the range up to $180 (if conditions are met); a strong reversal from this point onward could send her back on track to the macro up-trend. > Author’s Notes My approach to technical analysis is built on Fibonacci retracements, pivot zones, price action, smart money concepts, and classic chart patterns. I also use supporting tools and indicators—such as oscillators and moving averages—to refine my view. The chart itself reflects a simplified version of my process, as I prefer to keep visuals clean while incorporating additional analysis behind the scenes.