Roblox left a big gap back in November 2021. It resisted filling the gap the first time around. Now its heading back to the gap area.
The gap is too big to not fill. If the price breaks below $93 area, the gap might get fill at least partially at $85 or fully at around $80.
Target 1 - $85
Target 2 - $80
Risk - failure to break below $93 area.
I would wait until $85 - $80 area before going long. For now I remain on the side line and see how things play out.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
The gap is too big to not fill. If the price breaks below $93 area, the gap might get fill at least partially at $85 or fully at around $80.
Target 1 - $85
Target 2 - $80
Risk - failure to break below $93 area.
I would wait until $85 - $80 area before going long. For now I remain on the side line and see how things play out.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.