TradingView
RizeSenpai
Jul 27, 2023 5:14 PM

Netflix: Bearish Crab with Bearish Confirmation Short

Netflix, Inc.NASDAQ

Description

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:
Comments
TORNADOF5
hey , how are you ? , do you think crox is a buy soon after 15% dump good earnings , same as was before
RizeSenpai
@TORNADOF5, When I loaded up the ticker on my chart I found that I had this plotted on the chart:

This is an Ascending Broadening Wedge and the typical targget for this pattern is back to where it started so the target here will likely be around $46 especially given the most recent Partial Rise we confirmed on our last pivot.
TORNADOF5
@RizeSenpai, LoI that is crazy LoI seems like good thing that i late to buy , thanks you O,o
More