$ROKU Wedge and Target

$ROKU has developed a falling wedge pattern with divergence between the last two lows, indicating that it may be complete or nearing completion. The wedge is also composed of five waves. As a result, we may expect a counter-trend relief rally to the orange box aove the wedge.


[UPDATE]: We got a 15% rally from the time of my original post, but that has now turned lower and we’re close to where we were at the first call. I will need to monitor the price action from here prior to making a new call.


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.

Leave a Reply

Your email address will not be published.