ROKU insane short opportunity in the works. Gravestone Doji on the weekly timeframe. Wave 4 ideally would hit the 0.236 to the .382 retracement, which lines up with the median line of the Schiff Pitchfork. Additionally, there is bearish divergence on the daily timeframe on the RSI. The streaming service is quite saturated and some competitor news can drive price down.
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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.