Good morning ya'll boys and girls, this morning we are looking at Netflix, it is currently 11:00 am while im making this, so its during market.
Now, the price will get rejected due to the low volume at the moment, which is where we take our short. Things could go either way though, as I drew a circle next to arrow it represents that it has a chance to keep ping ponging and THEN hit that drop. So for now, keep a close look on it while the market is up.
That's really it, it could head in the way of the 1st support zone, but we just have to wait and see.
Give me feedback in the comments! Love knowing what you guy's have to say about my TA. Thanks.
Now, the price will get rejected due to the low volume at the moment, which is where we take our short. Things could go either way though, as I drew a circle next to arrow it represents that it has a chance to keep ping ponging and THEN hit that drop. So for now, keep a close look on it while the market is up.
That's really it, it could head in the way of the 1st support zone, but we just have to wait and see.
Give me feedback in the comments! Love knowing what you guy's have to say about my TA. Thanks.