ROKU - A-B-C Wave Correction - big R:R ratio for the bulls
-ROKU is in processs of completing Wave A-B-C with Wave A is being built and has not yet finished.
- MA200 is waiting around $53 mark, so price is expected to have a big demand at that area and might cause a short term bounce.
-If MA200 held, Wave B should have at least hit the high of Wave 5.
- Entry: ~53
- Stop loss: below MA200
- Target: high of Wave 5 71
- R:R ratio: 11:1
- MA200 is waiting around $53 mark, so price is expected to have a big demand at that area and might cause a short term bounce.
-If MA200 held, Wave B should have at least hit the high of Wave 5.
- Entry: ~53
- Stop loss: below MA200
- Target: high of Wave 5 71
- R:R ratio: 11:1
Trade active
Half way until the target. Price follows the trade plan.
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