Robinhood Markets Inc., Elliott Wave Technical Analysis

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Robinhood Markets Inc., (HOOD): Daily Chart, Monday, July 31

HOOD Stock Market Analysis: We are looking for an extension higher into wave {iii} within a wave C of higher degree which target stands at 16$. Looking for additional upside as longs as the pullbacks look corrective in nature.  

HOOD Elliott Wave Count: Wave (v) of {iii}.

HOOD Technical Indicators: Above all averages.

HOOD Trading Strategy: Looking for continuation higher into wave (v).  

TradingLounge Analyst: Alessio Barretta

Robinhood Markets Inc., HOOD: 1-hour Chart, Monday, July 31

Robinhood Markets Inc., Elliott Wave Technical Analysis
HOOD Stock Market Analysis: A wave (iv) which looks like a clear three wave move, therefore corrective in nature, and it alternates with a sharp wave (ii). Looking for wave (v) target equality of (i) vs. (v) at 14$.

HOOD Elliott Wave count:  Wave i of (v)

HOOD Technical Indicators: 20EMa as support.  

HOOD Trading Strategy: Looking for upside into wave (v) with invalidation at 12$.

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