Roblox left a big gap back in November 2021. It resisted filling the gap the first time around. Now its heading back to the gap area.
The gap is too big to not fill. If the price breaks below $93 area, the gap might get fill at least partially at $85 or fully at around $80.
Target 1 - $85
Target 2 - $80
Risk - failure to break below $93 area.
I would wait until $85 - $80 area before going long. For now I remain on the side line and see how things play out.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
The gap is too big to not fill. If the price breaks below $93 area, the gap might get fill at least partially at $85 or fully at around $80.
Target 1 - $85
Target 2 - $80
Risk - failure to break below $93 area.
I would wait until $85 - $80 area before going long. For now I remain on the side line and see how things play out.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.