Bleeding... not sure about you but I guess it depends how you play your hand.
DWAC was in a coil for weeks in a consolidation pattern (indecision price structure). It was not bleeding.
When price expanded from that range (near the decision/inflection area) it was not hard to see where it was going and close position until price discovery established a new floor.
High 30s had been marked as a retracement level and market/volume profile balance area. There is now an upside imbalance of buyers that have not sold. Sellers drying up... as indicated by today's price action in a weak market. Shorts are probably covering to raise money for margin losses in their long positions.
DWAC is showing relative strength from an intermarket analysis standpoint.. but we can keep talking about politics if it makes you feel bettr
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