giles_t_error

Double zig-zag down to medium line

Long
NYSE:RBLX   Roblox Corporation
End of a correction down to the medium line or the correction is complete, taking the space of a leading diagonal with the next move up.
Comment:
Roblox has been hammered, but in the longer term I think it will go higher. Looks like we are completing an inverse head and shoulders. We need to hold $40 and move up from here.
Comment:
But I wouldn't buy at the moment looking at the markets which could correct further.

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