Netflix, Inc.Updated Triangle Alert: Netflix Ready To Explode ?
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Netflix (NFLX) | Symmetrical Triangle Breakout Setup | 4H Timeframe-:
Netflix (NFLX) has been consolidating within a symmetrical triangle pattern on the 4-hour chart, signaling an impending breakout. This formation suggests that the stock is in a phase of indecision, where buyers and sellers are battling for control. A breakout in either direction could lead to a strong move, making this an important setup to watch.
📌 Key Levels to Watch:
🔼 Bullish Scenario:
If NFLX breaks above the upper trendline of the symmetrical triangle with strong volume and confirmation, it could trigger a bullish rally. In this case, my first target would be the rising resistance line, which has historically acted as a key barrier for price movement. A successful breakout could indicate continued upward momentum, potentially leading to higher levels.
🔽 Bearish Scenario:
On the downside, if the price fails to hold the horizontal support level and breaks below the lower trendline of the triangle, it could lead to further downside pressure. In this case, I would anticipate a move toward the previously identified target zone, where buyers might step in to provide support.
📊 Trading Plan:
Breakout Confirmation: I will wait for a strong close above or below the triangle or horizontal support zone with increasing volume to confirm the breakout direction before entering a trade.
Risk Management: Stop-loss placement will be crucial to manage risk effectively. For a long position, I would place a stop-loss just below the breakout point, and for a short position, I would place it above the breakdown level.
Price Action Monitoring: I will closely watch how the price reacts around the breakout level and key resistance/support zones. A retest of the breakout level with strong buying/selling pressure could provide additional confirmation.
This setup presents a high-probability trade opportunity, but patience is key. Will Netflix break out to the upside and continue its bullish trend, or will it break down and test lower levels?
Let me know your thoughts in the comments!
Best regards-: Amit
Wishing you all profitable trades, sharp insights, and unwavering discipline in your trading journey! May your setups be strong, your risk management be solid, and your patience be rewarded.
Markets may be unpredictable, but with the right strategy, mindset, and perseverance, success is always within reach. Stay focused, keep learning, and support each other—because in trading, knowledge and community make all the difference!
Happy Trading & Green Days Ahead! 🚀📈
Netflix (NFLX) | Symmetrical Triangle Breakout Setup | 4H Timeframe-:
Netflix (NFLX) has been consolidating within a symmetrical triangle pattern on the 4-hour chart, signaling an impending breakout. This formation suggests that the stock is in a phase of indecision, where buyers and sellers are battling for control. A breakout in either direction could lead to a strong move, making this an important setup to watch.
📌 Key Levels to Watch:
🔼 Bullish Scenario:
If NFLX breaks above the upper trendline of the symmetrical triangle with strong volume and confirmation, it could trigger a bullish rally. In this case, my first target would be the rising resistance line, which has historically acted as a key barrier for price movement. A successful breakout could indicate continued upward momentum, potentially leading to higher levels.
🔽 Bearish Scenario:
On the downside, if the price fails to hold the horizontal support level and breaks below the lower trendline of the triangle, it could lead to further downside pressure. In this case, I would anticipate a move toward the previously identified target zone, where buyers might step in to provide support.
📊 Trading Plan:
Breakout Confirmation: I will wait for a strong close above or below the triangle or horizontal support zone with increasing volume to confirm the breakout direction before entering a trade.
Risk Management: Stop-loss placement will be crucial to manage risk effectively. For a long position, I would place a stop-loss just below the breakout point, and for a short position, I would place it above the breakdown level.
Price Action Monitoring: I will closely watch how the price reacts around the breakout level and key resistance/support zones. A retest of the breakout level with strong buying/selling pressure could provide additional confirmation.
This setup presents a high-probability trade opportunity, but patience is key. Will Netflix break out to the upside and continue its bullish trend, or will it break down and test lower levels?
Let me know your thoughts in the comments!
Best regards-: Amit
Note
Bullish move ! Clear resistance breakout
Trade active
Took retest entry marked on chart so now I would like to place stop loss order below close triangle resistance which is near to 975 levels
Note
Clear view for risk to reward
Note
Good going 985 to 1016 and soon we can see a touch on rising line, let's see it will break that line or will take a rejection.
Note
Almost there ! Approx target was 1035 for a rising trendline touch, today made high of 1032 it seems taking an early rejection so i am taking gains from half of my trade position for rest i would like to set my stop loss on cost price and will wait for marked target.
Trade closed: target reached
Target Achieved !
Trading idea Netflix worked out perfectly ! The share price hit the target levels as expected after breakout, validating the analysis. Patience and strategy paid off. Although it's a fresh breakout if price will close above 1030 on same provided time frame but i will wait for continuation, stay tuned will try to a new publication on it very soon thanks for sharing your wonderfull support.
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