ROKU wave 5 for swing trade

٢٨ يونيو ٢٠٢٠

ROKU might be setting up for a wave 5 upward. Price is at the 200sma and seems to have support at this level in the last few trading sessions. A breakout and takeout of the last bearish volume is what I expect next trading session. Entry is the break above last bearish candle with a stop below. If trade is not triggered I will cancel unless a hammer candle forms, and will change my entry to just above the hammer with stop below.

٢٩ يونيو ٢٠٢٠

تم حذف الأمر

ROKU did not play out according to my plan. The trade never triggered and the rules say I must cancel it. A hammer candle never appeared so I'll look for another entry if it presents one in the future.

١٠ يوليو ٢٠٢٠

ملاحظة

Gongrats to anyone who took an alternate entry to get in on this powerful wave upward.