๐๐๐ฅ๐ฅ๐จ ๐๐ซ๐ข๐๐ง๐๐ฌ ,
As usual, today I want to analyze another graph and explain it to you in a very easy way.
Look at the $NFLX (Netflix, Inc.) chart.
๐๐จ๐ฐ ๐ญ๐จ ๐๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ?
โถ๏ธ๐๐ซ๐๐๐ฌ ๐ฐ๐ก๐๐ซ๐ ๐ญ๐ก๐ ๐ฉ๐ซ๐ข๐๐ ๐๐๐ข๐ฅ๐ฌ ๐ญ๐จ ๐๐ซ๐๐๐ค ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฅ๐ฒ ๐๐ง๐ ๐ซ๐๐๐จ๐ฎ๐ง๐๐ฌ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฅ๐ฒ.
After several attempts, in July he manages to break the level 467.10.
Since July until now, it has returned to this level on several occasions without being able to break it with force. Whenever the price approaches the same line several times without being able to break and encountering a lot of resistance and bouncing back strongly, it is considered to be a strong support.
๐๐จ๐ฐ ๐ญ๐จ ๐๐ข๐ง๐ ๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ซ๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐?
โถ๏ธ๐๐ก๐ ๐ฌ๐๐ฆ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ ๐๐ฌ ๐ญ๐ก๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐ญ๐จ๐ฉ.
At the top of the rectangle, the same story happens as below. The price tries to break 3 times these level, encountering a lot of resistance and the price returning strongly downwards.
๐๐ก๐๐ญ ๐ข๐ฌ ๐ฅ๐๐ญ๐๐ซ๐๐ฅ ๐ซ๐๐ง๐ ๐?
โถ๏ธ๐๐๐ซ๐ข๐จ๐ ๐จ๐ ๐ญ๐ข๐ฆ๐, ๐ญ๐ก๐๐ญ ๐ญ๐ก๐ ๐ฉ๐ซ๐ข๐๐ ๐ฆ๐จ๐ฏ๐๐ฌ ๐๐๐ญ๐ฐ๐๐๐ง ๐ ๐ฅ๐๐ฏ๐๐ฅ๐ฌ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐ง๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐๐ฏ๐๐ฅ๐ฌ.
Well, this in trading is recognized as lateral range, it is dead time where strong hands position themselves and wait for the next move.
Normally after the lateral range, the price follows the same trend as before the lateral moment
๐๐ก๐๐ซ๐ ๐๐ซ๐ ๐ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐ฆ๐ฒ ๐ญ๐ซ๐๐๐ข๐ง๐ :
1. So as long as it does not break the 467.10 support with force, that level is perfect for a buy position to go long, selling the position at the top of the rectangle.
2. Another scenario is to buy at the bottom of the rectangle and hold it until it breaks the top and sell at the next resistance that i mark in the graph. (๐๐๐.๐๐)
3. The third scenario is that it breaks the 467.10 support forcefully and then we should go short and accompany the price to the next support (๐๐๐.๐๐) .
๐ ๐ก๐จ๐ฉ๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐ฅ๐๐๐ซ๐ง๐๐ ๐ฌ๐จ๐ฆ๐๐ญ๐ก๐ข๐ง๐ ๐ง๐๐ฐ, ๐๐ง๐ ๐ข๐ ๐ฌ๐จ ๐ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ฅ๐ข๐ค๐ ๐ฒ๐จ๐ฎ ๐ญ๐จ ๐๐ฉ๐ฉ๐ซ๐๐๐ข๐๐ญ๐ ๐ข๐ญ ๐จ๐ซ ๐ฅ๐๐๐ฏ๐ ๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ. ๐๐ก๐ข๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐ฆ๐จ๐ญ๐ข๐ฏ๐๐ญ๐ ๐ฆ๐ ๐ญ๐จ ๐ญ๐๐๐๐ก ๐ฆ๐จ๐ซ๐ ๐ญ๐ก๐ข๐ง๐ ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐.
As usual, today I want to analyze another graph and explain it to you in a very easy way.
Look at the $NFLX (Netflix, Inc.) chart.
๐๐จ๐ฐ ๐ญ๐จ ๐๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ?
โถ๏ธ๐๐ซ๐๐๐ฌ ๐ฐ๐ก๐๐ซ๐ ๐ญ๐ก๐ ๐ฉ๐ซ๐ข๐๐ ๐๐๐ข๐ฅ๐ฌ ๐ญ๐จ ๐๐ซ๐๐๐ค ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฅ๐ฒ ๐๐ง๐ ๐ซ๐๐๐จ๐ฎ๐ง๐๐ฌ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฅ๐ฒ.
After several attempts, in July he manages to break the level 467.10.
Since July until now, it has returned to this level on several occasions without being able to break it with force. Whenever the price approaches the same line several times without being able to break and encountering a lot of resistance and bouncing back strongly, it is considered to be a strong support.
๐๐จ๐ฐ ๐ญ๐จ ๐๐ข๐ง๐ ๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ซ๐๐ฌ๐ข๐ฌ๐ญ๐๐ง๐๐?
โถ๏ธ๐๐ก๐ ๐ฌ๐๐ฆ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ ๐๐ฌ ๐ญ๐ก๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐ญ๐จ๐ฉ.
At the top of the rectangle, the same story happens as below. The price tries to break 3 times these level, encountering a lot of resistance and the price returning strongly downwards.
๐๐ก๐๐ญ ๐ข๐ฌ ๐ฅ๐๐ญ๐๐ซ๐๐ฅ ๐ซ๐๐ง๐ ๐?
โถ๏ธ๐๐๐ซ๐ข๐จ๐ ๐จ๐ ๐ญ๐ข๐ฆ๐, ๐ญ๐ก๐๐ญ ๐ญ๐ก๐ ๐ฉ๐ซ๐ข๐๐ ๐ฆ๐จ๐ฏ๐๐ฌ ๐๐๐ญ๐ฐ๐๐๐ง ๐ ๐ฅ๐๐ฏ๐๐ฅ๐ฌ ๐ฐ๐ข๐ญ๐ก๐จ๐ฎ๐ญ ๐๐ซ๐๐๐ค๐ข๐ง๐ ๐๐ง๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ฅ๐๐ฏ๐๐ฅ๐ฌ.
Well, this in trading is recognized as lateral range, it is dead time where strong hands position themselves and wait for the next move.
Normally after the lateral range, the price follows the same trend as before the lateral moment
๐๐ก๐๐ซ๐ ๐๐ซ๐ ๐ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐๐ข๐ฅ๐ข๐ญ๐ข๐๐ฌ ๐๐จ๐ซ ๐ฆ๐ฒ ๐ญ๐ซ๐๐๐ข๐ง๐ :
1. So as long as it does not break the 467.10 support with force, that level is perfect for a buy position to go long, selling the position at the top of the rectangle.
2. Another scenario is to buy at the bottom of the rectangle and hold it until it breaks the top and sell at the next resistance that i mark in the graph. (๐๐๐.๐๐)
3. The third scenario is that it breaks the 467.10 support forcefully and then we should go short and accompany the price to the next support (๐๐๐.๐๐) .
๐ ๐ก๐จ๐ฉ๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐ฅ๐๐๐ซ๐ง๐๐ ๐ฌ๐จ๐ฆ๐๐ญ๐ก๐ข๐ง๐ ๐ง๐๐ฐ, ๐๐ง๐ ๐ข๐ ๐ฌ๐จ ๐ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐ฅ๐ข๐ค๐ ๐ฒ๐จ๐ฎ ๐ญ๐จ ๐๐ฉ๐ฉ๐ซ๐๐๐ข๐๐ญ๐ ๐ข๐ญ ๐จ๐ซ ๐ฅ๐๐๐ฏ๐ ๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ. ๐๐ก๐ข๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐ฆ๐จ๐ญ๐ข๐ฏ๐๐ญ๐ ๐ฆ๐ ๐ญ๐จ ๐ญ๐๐๐๐ก ๐ฆ๐จ๐ซ๐ ๐ญ๐ก๐ข๐ง๐ ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐ฎ๐ซ๐.