Roku, Inc.
Penjualan

Short ROKU, Fibonacci said so

Diupdate
Here comes a wave pattern that's extremely similar to the one we've just had (on the left). Planning to short around 2.618 fib extension and buy back at 0.618 retracement of the preceding actionary wave. Otherwise would wait for a confirmation of retracement.
Trade aktif
Entered an initial position at ~$103 on 6/18, a bit earlier than I planned (fomo'ed).
Maintained an SL above the lower trend line of the rising wedge, didn't get hit on its way up to $108.

Added to my position at ~$99.2 when it was making a new low on 5m timeframe. Not really a great timing in a hindsight.

Current SL set at $101.85, slightly above 0.618 retracement of the recent LTF (5m) downward move from $103.6 to $98.7. In LTF, it's kind of making a HH and a HL. Trying to stay in the game so long as it's an upward retracement rather than a reversal.
Catatan
Moved SL to ~$96.8 slightly above the opening gap on 6/15.
Expecting a bounce in LTF, would add to my position if that happens.
Catatan
Added position at $94.75, SL untouched
Catatan
Still in the trade, target & SL unchanged.
Will add positions should there be a sign of weakness in LTF.
Catatan
We are seeing a lower resistance at $92.8, potentially the last point of supply before we go down. Entered more position.
Catatan
Adjusting TP to $84 as is explained in the comment below.
Catatan
SL hit. Entered again at $97.8, with SL at $99.8
Trading ditutup: stop tercapai
Didn't execute the trade well. Should've taken profit at first trouble area.
Shrug.
Chart PatternsWave Analysis

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