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GregTheAnalyst
Oct 23, 2023 11:25 AM

NFLX retesting broken trend + (M)MA50 Short

Netflix, Inc.NASDAQ

Description

Typical pattern, longer trend broken, NFLX dropped 80% from its peak and now full retest to the trend. (M)MA50 is important MA, so far market retested broken trend and dropped below (M)MA50 which is 412$. Looks like "dead-cat" bounce.

Trade closed: stop reached

Because market opened above (M)MA50 this trade is no longer valid, till another close below (M)MA50
Comments
MyCryptoParadise_Nathan
Thanks for simplifying trading strategies.
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