The Gap Between What Is and What Will BeThere are 5 basic ways to trade a Gap or any line. In this video, I discuss two ways to enter the market using a Gap before I make the trade plan. The Gap entry techniques by themselves are of little use, but if we make a few distinctions in market structure and the process of a swing cycle, they can become functional.
Swing cycles have a process that they go through. As long as we understand that process we can view Gaps in the light of where they happen in that process. I'm going to focus these two Gap entry techniques in the lower portion of the reaction leg at the bottom pivot of a swing. The Gaps are what make up the pivot portion of the swing.
If you observe markets and swings you will often see this distinct pivot portion of a swing, it looks like a U at the bottom of a reaction leg as the buyers wrestle control back from the sellers.
Shane
RBLX trade ideas
Consolidation Consolidation suport with trendlien resistence trend 📈
conformation up side
Target 1st consolidation resistence
Roblox ReturnsThe previous power earnings gap resulted in small consolidation and a wave upward. With another recent strong earnings followed by a small consolidation hints towards history repeating itself. This is a relatively safe mid-long term play. Best of luck!
Looking bullish in the near future for RBLX!Thank you as always for watching my video. I hope you learned something very educational. Remember! Trading is very risky. Only risk what you are willing to lose.
RBLX covered callNot quite 1%. BUT $45 is a STRONG roadblock. RBLX HAS BEEN trading sideways for a while.
The longer it chops around, the better for this covered call.
If I get called away at $50 - I will be profitable on this position.
RBLX covered calls I have some shares in my son Gabe's long term account. I am NOT scared if we sell them for a gain at $53
Buy low, sell high.
If your kid plays RBLX, get some money back....
ROBLOX Stock Chart Fibonacci Analysis 021124 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 48/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
ROBLOX GOING DOWNIt looks like roblox has gotten into some resistance and will most likely see a pullback. This pullback could only go a bit down and retrace to break the resistance or it could go back to the bottom of the support on the channel.
Is RBLX Finally Ready to Break the $48 PivotRBLX has been beatdown relentlessly since the covid top. Now down $100 from the peak, has been trying to break past $48 since October 2022. Now touch the pivot 5 times since then, and with 2 quarters in a row of positive earnings, it's looking increasingly likely it will happen. Made a PEG last earnings, and is now sitting above the major EMAs. Not the best name in the world, but if this breaks $48, it could move quick.
RBLX Roblox Corporation Options Ahead of EarningsIf you haven`t bought the dip on RBLX before the previous earnings:
Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.79.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RBLX - Another ER GapSee text on daily chart. TLDR; gap up on ER to top end of a huge stage 1 base. May need some time, but if it goes, it has potential to go far & go quickly.
Roblox Corp. (RBLX) - Is the shoulder showing the arm?The title under analysis is showing a newfound strength that will allow it to reverse the long-term bearish trend. An accumulation phase has indeed been created, dictated by the sideways movement that has given rise to an "inverse head and shoulders" or triple bottom pattern. This is further confirmed by the decreasing volumes on the selling side, which are divergent from the price.
By using Elliott Wave Theory, it has been possible to identify both the final phase of the ABC correction and the beginning of a new impulse wave 12345.
The entry signal in this case will be the weekly closing above the neckline. The target points will be as follows:
TP: $65 with a profit range between 46 - 50%. Once $60 is reached, it would be advisable to operate with a trailing take profit to exploit potential higher price levels;
SL: $34, the midpoint of the pattern.
Roblox Stock Soars as Metaverse Vision Pays OffRoblox ( NYSE:RBLX ), the youth-centric gaming platform, has sent shockwaves through the market with its latest earnings report, surpassing analyst expectations and painting a promising picture for its future. With a surge in daily active users and robust revenue growth, Roblox ( NYSE:RBLX ) is not just a gaming platform anymore; it's a glimpse into the burgeoning metaverse.*
Breaking Down the Numbers
In the fourth quarter of 2023, Roblox ( NYSE:RBLX ) reported a loss of 52 cents per share, beating analysts' expectations of a 55-cent loss. But what really caught investors' attention was the staggering $1.13 billion in bookings, surpassing predictions of $1.05 billion. This signifies not only a substantial year-over-year growth from $899 million but also a testament to Roblox's ( NYSE:RBLX ) ability to monetize its expansive virtual ecosystem.
Investing in the Metaverse
Roblox's ( NYSE:RBLX ) strategic investments in building its version of the metaverse are paying off handsomely. With over 5.5 million immersive experiences ranging from gaming to social gatherings, concerts, sports events, fashion shows, and even educational content, Roblox ( NYSE:RBLX ) has become more than just a gaming platform—it's a virtual universe where creativity knows no bounds.
Guidance and Outlook
Looking ahead, Roblox ( NYSE:RBLX ) is optimistic about its future prospects. The company expects to generate bookings of $925 million for the current quarter, surpassing Wall Street's target of $903 million. Moreover, its full-year 2024 forecast of $4.21 billion in bookings exceeds analyst expectations of $4.06 billion. This bullish outlook reflects Roblox's ( NYSE:RBLX ) confidence in its ability to continue attracting users and monetizing its platform effectively.
CEO's Vision
Chief Executive David Baszucki's vision for Roblox ( NYSE:RBLX ) is ambitious yet achievable. With a goal of attracting over 1 billion daily active users, Baszucki emphasizes the importance of fostering a community characterized by optimism and civility. He highlights Roblox's strong network effects, driven by content, social connections, and communication, as well as its investments in immersive experiences, advertising, and artificial intelligence.
Market Response
Unsurprisingly, Roblox's ( NYSE:RBLX ) stellar performance has been met with a surge in its stock price, jumping 11% to $45.08 in afternoon trades following the earnings report. This surge reflects investors' confidence in Roblox's ability to capitalize on the growing demand for virtual experiences and its position as a leader in the metaverse space.
Conclusion
Roblox's ( NYSE:RBLX ) latest earnings report showcases its continued growth trajectory and solidifies its position as a key player in the evolving metaverse landscape. With a rapidly expanding user base, innovative experiences, and a visionary leadership team, Roblox is poised for further success in the years to come. As the metaverse continues to capture the imagination of both users and investors alike, Roblox ( NYSE:RBLX ) stands out as a prime example of the limitless possibilities that virtual worlds offer.
RBLX Double Inside DayRBLX is looking really good after bouncing off the 200 EMA, holding above the 50 and 20 EMAs and now working on a double inside candle day. MACD about to flip bullish as well. If the market doesn't totally collapse this looks like an A+ setup to me. Targets $44 and then $48 breaking that resistance.
RobloxRoblox is still weak on weekly and monthly time frame ..
created fresh supply on daily as well
wait for more short
#short
Another 'Jade Lizard' Trade for RBLX, Expiration 2/9NYSE:RBLX
'Jade Lizard' Trade
Call Credit Spread:
+1 $47 call 2/9
-1 $46 call 2/9
Short Put:
-1 $38 put 2/9
Credit received: $190
Outcomes @ Expiration:
1) If share price is above $47, then $90 profit (close call credit spread for $100).
2) If share price is between $38 and $47, then $190 profit (credit received).
3) If share price is below $38, then I will be assigned to buy 100 shares @ $38/each. Next step: sell calls until assignment.
(With a jade lizard, there's no risk to the upside).
If I have the opportunity to close early I might (due to earnings near the tail end), but I really don't mind assignment to buy the shares. Happy to take the gamble for the premium.
$RBLX - 4:1 R:R This looks like a good possibility if we see a rise in volume to either do a retest or retracement
RBLX SHORT IDEAStrong channel pattern formed on RBLX, with resistance zone at 46.00. Going short in a swing trade is not a bad idea
RBLX building up... $42?The month, week, & Day charts are on a bullish run. 12/1 closed strong. Will we reach $42 next?
RBLXConsistent lower highs, maybe a $5 pullback at least? Negative EBITA increase YOY. 2019 -48,776, 2020 - 2021 -329, 2022 -412,180, 2023 -760,603. Goodwill has doubled, etc.
RBLX is bleeding IMO.
