I used inverse retracement, based on the ideas of Fibonacci.
Frequency wave A:
1.618 - pos. retracement
6.618 - neg. wave start
Frequency wave B:
1.618 - neg. retracement
6.618 - pos. wave start
Roku has a VERY STRONG BOUNCE at the PURPLE ZONE (110-115) zone.
Frequency wave A:
1.618 - pos. retracement
6.618 - neg. wave start
Frequency wave B:
1.618 - neg. retracement
6.618 - pos. wave start
Roku has a VERY STRONG BOUNCE at the PURPLE ZONE (110-115) zone.
Note
News came out, not so confident in Roku reaching my price. Still possible.Note
Roku might have hit a bottom at 128.3. If this stock was going lower to 120s-115s-110s zones, it should have broken through the 126 pps ping low. I will give any updates to my ideas once more price action is seen from Roku.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.