babasake

Trend Analysis: ROKU - Elliot Wave and C&H Pattern

Long
NASDAQ:ROKU   Roku, Inc.
Not an expert at EWT , but it's relatively easy to see a wave 4 correction of larger wave 3. I'm targeting a pullback here before earnings to the horizontal white line (which was previous resistance before the recent breakout) and then continuation of wave 5 of 3 to about $210 (2.618 x total length of wave 1 (which is about 80 ($140-$60)). Furthermore, I see the wave 4 correction allowing for a potential handle of a cup n handle pattern. Which takes the chart ultimately to about $260 before the next consolidation phase.

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