ROKU wave 5 for swing trade

28 giu 2020

ROKU might be setting up for a wave 5 upward. Price is at the 200sma and seems to have support at this level in the last few trading sessions. A breakout and takeout of the last bearish volume is what I expect next trading session. Entry is the break above last bearish candle with a stop below. If trade is not triggered I will cancel unless a hammer candle forms, and will change my entry to just above the hammer with stop below.

29 giu 2020

Ordine annullato

ROKU did not play out according to my plan. The trade never triggered and the rules say I must cancel it. A hammer candle never appeared so I'll look for another entry if it presents one in the future.

10 lug 2020

Nota

Gongrats to anyone who took an alternate entry to get in on this powerful wave upward.