Roku price action is not the easiest to count. The uptrend since May is wonky but clearly an impulse. It is possible that this uptrend has been a B wave and new lows are yet to come, but, for that need to see price breaking below key support levels, $68, $58 and most importantly, $50. For now, price is bouncing off key fib retracement target, so still staying with this bullish count. If this is correct, then the strongest wave 3 of 3 of this intermediate cycle should start fairly soon and it should be spectacular. If price action stays sluggish and choppy then I would eventually have to abandon this idea. Right now staying long with a target back to $90 area for a B wave, but, will jump ship if price falls below $78 low right away and reassess.
