Roku price has created what looks to be a Double Top Pattern!
Price unable to create a Higher High, then broke down below the Low (Point A) signaling a strong Bearish trend!
I suspect Price to retrace to the Fib'd Range @ 76.37 - 81.24 to then be rejected down to Sequence Target @ 58.1 - 49.2!
-This Price Action would also outline a Head & Shoulders Pattern.
As for Indicators, Price Action has moved beneath a curling 200 EMA along with my Dynamic Support & Resistance strengthening my Bearish Bias.
Fundamentally, job layoffs have been a big talk for tech companies.
tradingview.com/news/DJN_SN20230929007169:0/
Price unable to create a Higher High, then broke down below the Low (Point A) signaling a strong Bearish trend!
I suspect Price to retrace to the Fib'd Range @ 76.37 - 81.24 to then be rejected down to Sequence Target @ 58.1 - 49.2!
-This Price Action would also outline a Head & Shoulders Pattern.
As for Indicators, Price Action has moved beneath a curling 200 EMA along with my Dynamic Support & Resistance strengthening my Bearish Bias.
Fundamentally, job layoffs have been a big talk for tech companies.
tradingview.com/news/DJN_SN20230929007169:0/
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Keep It Current,
With Novi Fibonacci!
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
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.