A First Look at $RBLX

I have been watching $RBLX since its inception, and so far at least, everything looks basically corrective. If we wanted to test whether the whole corrective period is over, now is our chance, as the little move off the recent lows is a little 5-wave move (green arrow).

What we would like to see from here is a pullback to roughly the orange box below, followed by another rally to the orange box above. If, during the course of all of that, we form another 5-wave move of a larger degree, we can gain confidence that it is entering its first, genuinely bullish sequence.

RBLX

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