DBX clear way towards $34.00
Today, we will share our view on DBX
The main two key items we were paying attention was the first resistance zone and the ABC pattern on the edge of it.
From there, we defined the next target based on previous situations, and 34.00 was the place where we saw clear rejections.
Now we can think about the shape of the ascending movement, and we can use the cloned channels as guidelines for it.
From current levels, we expect a resolution of this movement between 70 to 120 days.
Thanks for reading!
The main two key items we were paying attention was the first resistance zone and the ABC pattern on the edge of it.
From there, we defined the next target based on previous situations, and 34.00 was the place where we saw clear rejections.
Now we can think about the shape of the ascending movement, and we can use the cloned channels as guidelines for it.
From current levels, we expect a resolution of this movement between 70 to 120 days.
Thanks for reading!
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