$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.


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