Falling Wedge Roku
Updated
Long Position - Target Resistance 148.86-150. Next Resistance is up to 162-164.
Long Position - Target Support around range 140.
Lookin up to TF 30min 45min 1hr 2hr 4hr MacD show sign of cross and it's really on the low so it's a good sign to go long.
Last week look like it would form a descending triangle but as you watch closely at the chart with smaller time frame < Daily it's not a triangle but a wedge if forming up a very BIG bounce is coming.
*NOTE THAT IF IT DID BREAK THE SUPPORT it would go down to 120 - 100 and if THAT happen, inverted cup and handle MAY be formed and it would lead to MORE LOSSES.
This is just my opinion on ROKU just thought I would share my idea.
Long Position - Target Support around range 140.
Lookin up to TF 30min 45min 1hr 2hr 4hr MacD show sign of cross and it's really on the low so it's a good sign to go long.
Last week look like it would form a descending triangle but as you watch closely at the chart with smaller time frame < Daily it's not a triangle but a wedge if forming up a very BIG bounce is coming.
*NOTE THAT IF IT DID BREAK THE SUPPORT it would go down to 120 - 100 and if THAT happen, inverted cup and handle MAY be formed and it would lead to MORE LOSSES.
This is just my opinion on ROKU just thought I would share my idea.
Note
Flag Formed - Bounce at 133. Hopefully Reached 138.Note
Flag broke at 135. Goin Down. Healthy Pullback. Still in the wedge.Trade active
ENTER CALL OPTION - 134.6 (USD 6105)EXPIRE 14 FEB.
TARGET TAKE PROFIT - 143
Note
Sorry - target take profit 150 wrong support lol
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