Okipanese

Elliott wave practice

Short
NYSE:RBLX   Roblox Corporation
This is not financial advice. First attempt at predicting a wave. 1 - first impulse move. 2 - retracement that did not pass the start of wave 1, and is a zig zag pattern. 3 - extended impulse move. 4 - retracement that did not enter the territory of wave 1, is a wedge (different from wave 2), and because wave 3 was extended, tends to give back up to 38.2% of move 3. My prediction for wave 5 is a direct copy of wave 1 because if wave 3 is extended, wave 5 generally will be equal to the duration and magnitude of wave 1. Not quite sure how to fib out the correct extensions (wave 5 targets should be relative to wave 3?). If anyone has feedback, please let me know.
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