Dreamworks (DWA) Chart Analysis

Monthly chart clearly shows a developing 5 wave pattern. Bear flag (wave 4) congestive pattern finally broken to lower low last week.

Weekly chart showed overlapping or corrective wave structure and double top for a nice exit for longs, or for short sell entry.

Daily chart showed promising upside potential with kicker type pattern signal, faking out the bulls, as it immediately reversed and headed down. Blue ice failure confirmed bears in control, as did failure of LIS at $24.40 level to offer support.