Study price in relation to stoch/rsi/ n weekly. The math is working against price despite price going higher. I interpret this as a warning signal
Comment:
I want to point out- there's no rule that says it's not going higher. Price can blow through this and NFLX can go into a parabolic rage.. Technical analysis is looking closely at trends and the math behind the madness. I find it rather telling that there's this hidden trend on my stoch/rsi indicator that has served as both support & resistance. All trends will eventually break. Does price blow through now or is it respected once more?
Comment:
Comment:
keeps pressing
Comment:
Hmm, I'm wondering if it's a bearish xabcd harmonic -
bear butterfly - bear crab? Crab would mean higher prices but butterfly is around the 500 price point