$ROKU ROKU another sleeping giant ending major correction
Updated
ROKU perhaps a NETFLIX killer and another sleeping giant, preparing to complete major correction in supercycle (II) and preparing to start first bullish leg of supercycle (III).
Target range for buyers is within the blue lines as shown.
Wave 5 should end the correction ~ $132 area, but it *can* extend deeper (you must remain prepared in case it does). We're looking for another set of 5 waves to complete wave [5] in wave c of supercycle (II).
1% rule per trade;
calculation here would be
Entry: ~ $132.11 - $118.38
Stop Loss: $32.00
Targets will be updated: Minimum we'll get is a 3 wave bounce where we'll be looking to take partial profits and put stop loss above entry to create risk free position in ROKU.
For spot buyers, DCA will be your best friend in case we extend to those lower extremes.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
Target range for buyers is within the blue lines as shown.
Wave 5 should end the correction ~ $132 area, but it *can* extend deeper (you must remain prepared in case it does). We're looking for another set of 5 waves to complete wave [5] in wave c of supercycle (II).
1% rule per trade;
calculation here would be
Entry: ~ $132.11 - $118.38
Stop Loss: $32.00
Targets will be updated: Minimum we'll get is a 3 wave bounce where we'll be looking to take partial profits and put stop loss above entry to create risk free position in ROKU.
For spot buyers, DCA will be your best friend in case we extend to those lower extremes.
NFA . DYOR.
Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know.
Tips are always welcomed :)
Thank you for viewing, sharing and safe trading to you all!
Note
Note
we're looking for a FULL set of 5 waves here to complete the correction. Once wave (3) and (4) are in place, we can project the target range for wave (5) of .
You can use the fib retracement tool to measure from bottom of wave (3) to the top of wave (4) to get target range for wave (5) at 123.6%-161.8%
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.