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Night_Trader
Jan 20, 2013 4:49 PM

AB=CD retracement : 1 of 3 possible trade setups Short

Netflix, Inc.NASDAQ

Description

There seems to be resistance above so an AB=CD retracement is likely. With a target at the gartley pattern completion. And a stop above the last spike high.

The other trades are a reversal after the gartley completion. (See different chart...below.)

And a break of the head and shoulders neckline. (See different chart ...below.)
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