NETFLIX INC – Buyers and sellers at decision spot for continuati
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NETFLIX INC – Buyers and sellers at decision spot for continuation
Trend: Strong Buy
Support/Resistance:
R3: 406.78
R2: 385.92
R1: 362.08
S1: 345.48
S2: 337.82
S3: 322.50
S4: 299.93
Price action:
Netflix had already proved buyers trending and now is testing very first resistance area at 362.08 level. This level is important to us, because it will tell us how strong is bearish side. After breaking this level, price is headed to test second resistance at 385.92 level. This level might be very strong if buyers will not show strong bullish momentum between R1 and R2 levels. In case of strong momentum we can expect price to go even higher to 406.78 resistance level.
On the other side, we recommend you to follow Bears behaviour. From this moment perspective we can say they are lack of momentum. In overall flow, we can say that good face off from Bears and Bulls is between R2 and R3 level.
Potencial trade idea:
Bulls targets:
T1: 385.92
T2: 406.78
Bears targets:
T1: 299.93
NOTE – We are trading NETFLIX INC via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
NETFLIX INC – Buyers and sellers at decision spot for continuation
Trend: Strong Buy
Support/Resistance:
R3: 406.78
R2: 385.92
R1: 362.08
S1: 345.48
S2: 337.82
S3: 322.50
S4: 299.93
Price action:
Netflix had already proved buyers trending and now is testing very first resistance area at 362.08 level. This level is important to us, because it will tell us how strong is bearish side. After breaking this level, price is headed to test second resistance at 385.92 level. This level might be very strong if buyers will not show strong bullish momentum between R1 and R2 levels. In case of strong momentum we can expect price to go even higher to 406.78 resistance level.
On the other side, we recommend you to follow Bears behaviour. From this moment perspective we can say they are lack of momentum. In overall flow, we can say that good face off from Bears and Bulls is between R2 and R3 level.
Potencial trade idea:
Bulls targets:
T1: 385.92
T2: 406.78
Bears targets:
T1: 299.93
NOTE – We are trading NETFLIX INC via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Trade closed: target reached:
FIRST target was reached.
Now we are headed on level up target. One more entry is expected on lover timeframe with our custom indicator
Now we are headed on level up target. One more entry is expected on lover timeframe with our custom indicator