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Trend Analysis: ROKU - Elliot Wave and C&H PatternNot an expert at EWT , but it's relatively easy to see a wave 4 correction of larger wave 3. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)). Furthermore, I see the wave 4 correction allowing for a potential handle of a cup n handle pattern. Which takes the chart ultimately to about $260 before the next consolidation phase.
NASDAQ:ROKULong
by daytradederic
2
INDICATORS POINTING DOWN - RANGING - MARKET CHANGE - TVIXF 240MNThank you for your lies and shares, Much appreciated! __________________________________________________________ The market needed to be looked up with another eye. After the decision of the Credit Suisse company to take down some shares. Did we notice any change ? No! Market TVIXF changing in market shape, passing from a descending trend to a ranging lower trend. Is it the results of the company's decision? No! For the analysis, we can clearly notice that there is a strong resistance illustrated with a green horizontal line, which as been tested several times before. Possibility of an entry short from that point again to be on the wave of a probable pullback down on it. Furthermore, the lower part of the actual overall horizontal trend marked with the orange line, can probably see the market trying to break it, to evolve at a lower price. Another idea would be an entry long from that point(bottom orange line) At the moment, because the market hasn't shown any strong sign of recovery, we would wait and see what is going the happen from next week. So Wait Few Days to Increase Your Probability Limiting the Risks. ---------------------------------------------------------------------------------------------------------------------------------------- We see more and more people happy taking positions and decisions through our analysis.That's great! Please beware about this DISCLAIMER: this trading idea and all others published here or on any social network, editorial, media and press, can change at anytime without any notice. Trading is risky and losses or profits are the results of your own decisions and not the result of this analysis. Trading assets on financial markets is very risky and this analysis is to provide another point of view.
OTC:TVIXF
by Diallo_Charts_Ideas
Resistance Retest | Pullback ExpectedUSDCAD currently finds itself retesting the previous level of resistance and holding on pretty well so far. Assuming this level holds, we will be looking for a pullback to retest the current ascending trendline in correspondence to our 0.5 fib retracement area, and potentially bounce off into further bullish momentum. Monthly candle on USDCAD shows huge bullish candle wick forming up - providing us with a bullish sentiment for next months price action on this pair. Trade at your own risk!
Long
by Proszi