nen

$NFLX Sniper

nen Updated   
BATS:NFLX   Netflix, Inc.
Simple setup with some projected data points as price targets in time. If and only if at least 3 of them are hit, and maybe a wild card pivot point at any of the elements, preferably the pink rectangle, I would strongly suggest analyzing the potential for a bounce from the green rectangle zone in case another power wave forms that pushes the price higher. The idea is to hunt for the potential power wave, as these are the most fun to trade: momentum, volatility, few days in a trade but with bigger moves.

This project was made on a whim, so I might add one or two more elements during the update comments, but the main idea is straight forwards, easy to understand and easy to approach, as long as we pay close attention to the Japanese Candlesticks for any setups. For this one, in this case, for the simulated/imagined scenario, I will have a lookout for candlestick shadows for any clues, as these stocks can jump up and down without prior warning because of the trading hours.

Last but not least, whatever happens to the price action its relation/reaction to the elements in the project, the green rectangle is a projected potential support and resistance zone (in its specific time zone)/
Comment:
Touchdown on the orange and a potential inflection point. If the dots keep getting ignored and missed, we might see some support (or resistance) at the green curve.
Comment:
Top green curve acting as resistance. Waiting for another such interesting "coincidence" in this project for the future. Fingers crossed.
Comment:
An interesting situation with what could be considered as a break and retest of the green curve. Not an ideal situation to be honest, would rather prefer to see another retest and rebound from this later on. (white circle example)

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