theheirophant
Long

NFLX Looking for a dip to go Long

NASDAQ:NFLX   NETFLIX INC
Ascending triangle , support buying up the dips, and the overall strength of NFLX lead us to believe there's more room for price appreciation, back up towards the ATH .

The last 2 buy signals were given over a month ago, but we are still in that same range. In a case like this where you know current range is a decent time to enter, but perhaps there's no signal on the Daily chart . We suggest going down to a 4H or 2H chart to get the best localized entry. I will post below a chart of this past few months range on the 4HR timeframe to show you.
As you can see on the 4HR the indicator picked the dip that happened mid-August for entry.

With a weak top signal formed on the daily, we can expect to see a nice area to go long soon (within the next 7-10 days).

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