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babasake

Trend Analysis: ROKU - Elliot Wave and C&H Pattern

Short
Roku, Inc. (NASDAQ:ROKU)  
babasake Updated   
NASDAQ:ROKU   Roku, Inc.
Cup And Handle Elliott Wave Support and Resistance ROKU
4
0
cupandhandle elliottwaves supportandresistance roku
Not an expert at EWT, but it's relatively easy to see a wave 4 correction of larger wave 2. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)).
Comment:
Just realized some newbie post mistakes on this on analysis. I claimed wave 4 of wave 2, but should have been "wave 4 correction of larger wave 3." Also, I'm not necessarily short ROKU with the limited downside. I thought the short button meant for the term length...again, noob probz.

See my new post with corrections. Thanks!
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