$RBLX - RC -
Added 2023-07-14 10:30:22 +0000 UTCLet's start the day off with another high potential .
There is a number of items to be bullish about:
1. The Wave 2 pull back at the very end to last year stopped at the 0.887 Fib, it was quite low but valid for Wave 2 but bounced extremely well, jumping 90% afterwards.
2. The Subwave 2 then pulled back to the 0.618 Fib in May, which is back on track and where we want to see Wave 2's to hold support.
3. Bullish wedge is formed
4. Above the 50 and 200 Day MA and using the 200 Day MA as a strong support line since May.
So what we need to see now:
A break out of this wedge and holding above $45.50.
Next test will be at $53.80 at our blue line, staying above the blue line and we are in to the bull case.
