ROKU - Confluence zone (opportunity for bargain hunters)???
Confluence includes:
- Fib Extention and projection cluster zone
- Diagonal and horizontal support confluence
- Divergence building
- Price fell 70% from High
While I feel there is a lot of competition in the field ROKU is playing in and longer-term they may have harder times, there is a potential that market bargain hunters jump in at these levels, the key will be to wait for a confirmation trigger confirmed by price action on a smaller time frame.
Market volatility is very high and the fact that this potential trade is against the trend dictates being very nimble.
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