EvanMedeiros

shake n bake below a previous pivot low

BATS:NFLX   NETFLIX INC
83 0 0
$NFLX one of my favorite patterns to trade are when stocks breach through a support or resistance level (in this case a prior swing low) and rally quickly back through it. Netflix             sets up a nice long shooting against 210 to the downside or 206 if you want to give it a little more wiggle room. 220-225 level is packed with resistance now but do note the pattern of lower highs in place. Overall a tricky spot given the markets position but It should be setting up a nice directional trade soon.
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