ROKU is on a tear and the price structure strongly suggests wave-iii of 5 of Cycle-C is underway. Based on Fib-extensions and retraces we should see this wave-iii top at around 138-140, then a pullback to about 112ish for a wave-iv of 5, before wave-v of 5 ideally targets the 148-150 zone. THAT would be a much better level to go short or place long dated puts IMHO. Trade safe!!
Expert and Accurate Financial Market Forecasting
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
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.
Expert and Accurate Financial Market Forecasting
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
Dr. Arnout ter Schure
President & Founder Intelligent Investing, LLC
Vice President & Co-Founder NorthPost Partners, LP
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.