Looking at Netflix
Netflix has had some fomo over the last few causing price to gap. Gaps generally like to be filled in 92% of the time.
Currently price is heading towards the 618 which tells me that people will be looking for shorts. My short zone highlighted in red is from the 786 to the 618.
VPVR is showing a big notch around $225 which eventually price needs to fill in
With price surging higher it is sending the indicators into over bought territory
I will be looking for signals in the "Short zone" looking for M tops and bearish divergence to take profit.
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
Netflix has had some fomo over the last few causing price to gap. Gaps generally like to be filled in 92% of the time.
Currently price is heading towards the 618 which tells me that people will be looking for shorts. My short zone highlighted in red is from the 786 to the 618.
VPVR is showing a big notch around $225 which eventually price needs to fill in
With price surging higher it is sending the indicators into over bought territory
I will be looking for signals in the "Short zone" looking for M tops and bearish divergence to take profit.
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
Trade closed: target reached:
