Get started
RizeSenpai

Netflix: Bearish Crab with Bearish Confirmation

Short
Netflix, Inc. (NASDAQ:NFLX)  
RizeSenpai Updated   
NASDAQ:NFLX   Netflix, Inc.
Harmonic Patterns Technical Indicators Trend Analysis QQQ US NAS 100 Crab Bearish Crab bearishdivergence ppo
12
3
harmonicpatterns indicator trendanalysis qqq nas100usd crabpattern bearishcrab bearishdivergence ppo
Netflix recently traded just above the HOP level of a Bearish crab and has since gapped down below the 1.618 PCZ and given us a Bearish Divergence on all Oscillators as well as PPO Circle Confirmation. We could see Netflix begin a full retrace of the Harmonic range from here.
Trade active:
It would appear Netflix is attempting to confirm a lower high below an even bigger Macro Support/Resistance Zone than the PCZ and Target I showed above, which could result in an even bigger Bearish 5-0 ABCD BAMM move down as seen below:
snapshot

Related Ideas

RizeSenpai
Apple Inc. : Potential Harmonic; Bearish Consolidation
RizeSenpai
QQQ: Looking Out for a 20-40% Pull Back
RizeSenpai
A Negative Month at these Levels Could Signal NVDA Down to $196
RizeSenpai
DXY RSI Bullish Divergence at Bullish Butterfly PCZ
RizeSenpai
MSFT: Bearish Crab with Double MACD Bearish Divergence
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.