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RaynLim
May 19, 2023 11:07 AM

Netflix's Shorting Potential Slipped Away by a Mere Two Days Short

Netflix, Inc.NASDAQ

Description

Missed the Mark: Netflix's Late Entry Foils My Shorting Plan, and Now It's Breaking Bullish Boundaries!

Oh, the frustrations of timing! Just two days too late, Netflix seems to be defying my expectations. It's now poised for a structural breakout, potentially closing above the X point of my carefully identified Bearish Bat Pattern.

While this turn of events may be advantageous for Netflix, discouraging more traders from shorting, it's a letdown for me after patiently awaiting this setup for weeks.

But hey, that's the nature of trading. Time to swipe left on this missed opportunity and patiently await the next promising setup.

That said, the weekly resistance level holds(right).
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