DBX trade ideas
GREAT EARNINGS PLAY ON #DBXI REALLY LIKE THIS COMPANY, USE IT A LOT MYSELF AND A GOOD RESULT ON EARNINGS HERE COULD BE WHAT WE NEED TO BREAK OUT
$DBX- Head and ShoulderLovely head and shoulders formation on DBX on a monthly timeframe.
Here's my trade plan
Entry: 25
Stop Loss: 21.50 (below January low)
Target: 42.50
Rewards: 73%
Risk: 12%
DBX Elliott Wave Analysis 2/12/21Correction hit the 38.2%
Possible nested wave one of a fifth of intermediate degree
I believe to be upside from now on, volume is relatively low but it should pick up leading to earnings day.
My target remains the same but time frame changed, I expect it to continue to go up after earnings, unless the price raises drastically which is very unlikely.
DBX inverse head and shoulders This formation is yet to let me down.
Although there is a strong amount of resistance at the yellow dotted line above. I think that will only make it fly further once we break it.
Earnings are coming up... sounds like a good time to bust down walls.
-NOT Financial Advice
DBX entry levels LONGDBX refused to go higher up to $25.70. We are going lower, but it will be a good opportunity to open LONG positions. The market is still BULLISH.
ENTRY LEVELS LONG:
$23.61
$22.74
$21.79
DBX can go BOOM! ER run upDBX close to breaking out this yearly down trend resistance line (yellow). With ER approaching I can see a push to 30 this week if we some significant volume on the breakout. Small c&h to complete the right shoulder for inverse H&S pattern screams bullish to me.
Key Levels:
Support: 23.79, 21.67, 20.68
Resistance: 25.16, 26.37, 27.39, 28.77
Options to consider:
25C 2/12 .80 (Medium Risk weekly)
26C 2/12 .48 (High Risk weekly)
25C 2/19 1.74 (Safe ATM option)
30C 2/12 .11 (Extreme risk lotto)
35C 7/16 1.52 (Long term lotto)
option terms:
ITM: In the Money
OTM: Out the Money
ATM: At the money
Lotto: High risk play with very minimal chance of profit
Credit: Tomikazi @TheTomikazi and Tiffany (twitter: @dnvenom) putting this on my WL
$DBX 2/5/2021$DBX looks like it can go on a run if it can break the next resistance made by the FIB levels at $25.11
MACD and SQZ Mom and SARS indicate an uptrend. Where as RSI is middle to its highs could have a decent run up.
$DBX | Dropbox [Update]: Bullish Triangle Breakout and Retest Price broke out and retested a large bullish triangle following its run up in December. I expect $DBX to continue its push to the upside.
See my previous $DBX analysis below:
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
$DBX 4h Heavy in the flows means an increase in volume. A break above 23.86 will send DBX to the next leg up.
DBX Elliott Wave Analysis 1/21/21We could possibly be seeing the first waves of the impulse, Wave (5).
My bet is on a completed correction Wave (4)
Probable/possible target for upcoming waves were labeled.
