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LegoTonix
Sep 3, 2018 7:48 PM

Netflix / Dead cat bounce ? Short

Netflix, Inc.NASDAQ

Description

I made first analysis about double top 2~ months ago here a update,
we got a bounce at 61 % retracement with small bearish divergence also below resistance so maybe the top of wave 'B' a break below 310 $ will confirm bearish trend and dead cat bounce, if you want to short better to wait bearish candle and put your stop loss above 380 $

first idea

Trade active

Comment

support breakdown
Comments
Getitdoneson
good call! What are your target prices?
LegoTonix
@Getitdoneson, we can target 275$ but need to break 310 $ support first
LegoTonix
@Getitdoneson, is a long term trade so next target can be 226 $ and 180 $ but trade should be break even before.
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