Roku clearly completed 5 waves of a small degree for earnings and fell $27 right away. It hit $177 and immediately fell to $150 by the next morning. I played that perfectly by selling my shares and re-entering lower because I knew a higher high is the minimum for completing 5 waves of that degree. Where it goes next it the real question. I now have it in a larger degree 4 which means an ABC down to potentially $135 area before continued upside, but could bounce earlier than that from the .382 at $147 area.
By no means am I an expert in Elliot Wave (clearly), but I am putting my money where my mouth is with this count. Still learning wave analysis, but regardless of any wave count I think roku is a must-own stock for the next 3-5 years.
By no means am I an expert in Elliot Wave (clearly), but I am putting my money where my mouth is with this count. Still learning wave analysis, but regardless of any wave count I think roku is a must-own stock for the next 3-5 years.
Trade active:
Count still valid until break below 139