Roku Trade Setup!

5 thg 4, 2022

Hello Everyone! From an Elliot wave perspective, This is a super clean chart. The recent 8 month decline in roku was sharp and didnt correct up in any way. It also reached the .786 retracement of the entire move up since IPO. Because of this, I believe we are in a wave B of larger wave 2. I would wait for roku to drop around 110, and go long targeting 190-250. From there, I expect prices to reach 55 where there is major weekly liquidity that needs to be filled.