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lauralea
Oct 20, 2023 5:32 PM

BAT 

Netflix, Inc.NASDAQ

Description

Bullish Bat as most M patterns are bullish meaning they reverse on the 4th leg which is down.
The first leg is Up. Peak 2 s lower than peak 1.

This did not quite hit the .886 but still very close. News popped this early and there was also a very small gap that acted as support.

Price is at a horizontal resistance level and 2 spinning tops are struggling at this level. Spinning top candles represent indecsion. Price must surpass this level to hit above targets.

No recommendaton

Comment

This could also be a HEAD AND SHOULDERS pattern and price fell below the neckline but is now struggling to get back above the neckline.
I guess everything is not cut and dry and time will tell.
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