Dropbox, Inc.

DBX Elliott Wave Analysis 1/5/21

321
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

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