the detail is shown in the above Chart. I made this Idea based on Harmonic pattern using Fibonacci tools.
We can expect that Netflix Rise up more to reach the golden level and at this point ,a bearish butterfly pattern will start.
To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your stop loss just above the 161.8% extension of the X-A leg and place your profit target at either point A (aggressive) or point B (conservative).
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The time of flight of the little cocoon of the Netflix butterfly is very close.
ALARM : candles analysis indicates that Good Fundamental News 📰 and bad fundamental news 📰 for netflix is on the way.
netflix is not safe and profitable in long-time investment.
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NTFLX bullish trend started . Netflix is as a starter among stocks of the NASDAQ
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According to above chart MINOR CORRECTION IS ON THE WAY. After completing this correction step NETFLX rises more and more.
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the retracement step at level 1.27 has started. Candles Pattern and Candles Trend in this Region tell us good information about target of Sellers at level 1.618 ( 570$).
Consolidation at level 1.27 is a hopeful and positive sign for netflix long-time investing.
Trade closed: target reached
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560
Trade active
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sell order : 575
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I noticed a bearish three soldier pattern on the NTFLX stock chart. This could indicate a potential downward trend in the stock price. It might be a good idea to keep an eye on it and consider adjusting your investment strategy accordingly. It's always important to stay informed about these patterns and their potential impact on the market.