ROKU has many ways to look into, short or long are both just seems fine
if looking on the first side, roku inside small triangle (colored) and in another bigger one (main down trend with up trend line)
.tough resistance on 117$ which can make the short position direction to be easier. for now it looks pretty good to short
.If I include to the 117$ resistance the fact we are on number 5 WAVE in ELLIOT, mb the direction can be easier downer in re-test this hard level
.But in general the things can support elliot idea are the 2 hard DOWN TRENDS, 117$ which can be huge RESISTANCE AND 200 MA
all of them are tough prices to cross over.
but right now she gots the triangle support. and on other side if we will break the resistance out and u want to take it for long, make sure she makes a retest on 117$ as support.
whats coming up? too hard to say but right now it seems we are going up, but in the long run we're still on elliot's waves as long as elliot's still holding. only breaking out 169 will confirm we are not in elliot's waves any longer.
not a reccomendation for any stocks actions
hope u guys like my idea
see ya:)
if looking on the first side, roku inside small triangle (colored) and in another bigger one (main down trend with up trend line)
.tough resistance on 117$ which can make the short position direction to be easier. for now it looks pretty good to short
.If I include to the 117$ resistance the fact we are on number 5 WAVE in ELLIOT, mb the direction can be easier downer in re-test this hard level
.But in general the things can support elliot idea are the 2 hard DOWN TRENDS, 117$ which can be huge RESISTANCE AND 200 MA
all of them are tough prices to cross over.
but right now she gots the triangle support. and on other side if we will break the resistance out and u want to take it for long, make sure she makes a retest on 117$ as support.
whats coming up? too hard to say but right now it seems we are going up, but in the long run we're still on elliot's waves as long as elliot's still holding. only breaking out 169 will confirm we are not in elliot's waves any longer.
not a reccomendation for any stocks actions
hope u guys like my idea
see ya:)