DBX Elliott Wave Analysis 1/5/21
Support levels converge
78.6% of Wave ①
4H MA 55
1.618 Fib Channel
I believe this to be its lowest point, it might move sideways along 1.618 Fibonacci channel support level and 100% of Wave ① ($24.13) resistance
Target remains the same, around $33 to complete Wave ③, earnings on Feb 18 could be the catalyst. After that expecting corrective Wave ④
78.6% of Wave ①
4H MA 55
1.618 Fib Channel
I believe this to be its lowest point, it might move sideways along 1.618 Fibonacci channel support level and 100% of Wave ① ($24.13) resistance
Target remains the same, around $33 to complete Wave ③, earnings on Feb 18 could be the catalyst. After that expecting corrective Wave ④
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.