NFLX has been very strong for over a year now. However, all good things come to an end. We have a Head and Shoulders pattern about to break structure.
Great Risk reward setup
Great Risk reward setup
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Keep an eye out for the CRACK!
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Still waiting for the break. One more up
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Magic!
We got one more up and now CRACK!
We got one more up and now CRACK!
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CRACK!!
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New low made
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Like Magic NFLX continues to fall as I have warned it would.
MAGIC!
MAGIC!
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NFLX continues to push lower as expected.
This is the type of high-probability success story you want in your investment career. Unbiased, unemotional, straightforward, simple, repeatable, set it and forget big moves.
This is the type of high-probability success story you want in your investment career. Unbiased, unemotional, straightforward, simple, repeatable, set it and forget big moves.
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Despite the sudden move up, nothing has materially changed in the structure of the chart. This is a garden variety corrective move up after a persistent push lower. The fact it gapped up giving people no time to buy would indicate that there is little incentive to hold to defend the move. In fact, I would argue new buyers up here are more likely to puke it up should it start to fall. (weak hands) We have seen many bull traps play out in this market recently.
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