I got inspired by Tim West's chart (check RELATED IDEAS below) and the current stock market conditions to make my analysis on Netflix. Happy trading!
It is expected the trend line to be respected somehow. Happy days!
It should be the final down leg. Cheers!
Daily downtrend may be finished if resistance is broken. Cheers!
The flag has 5 waves (WXYXZ) and it shows an impulse on 4h chart just right after the 'Z' wave completion. Happy trading!
Major support is being tested. For the long run I see a 5th wave coming out. Shabat Shalom!
Alternative wave count. Enjoy!
What about a downward move right now?
The main trend is bearish and may remain for the long term. For medium term it is possible a correction to the upside. Resistances on chart. Cheers.
Supports & Resistances on chart. Happy trading!
Supports & resistances on chart. Happy trading!
The overall trend is bearish. However, the latest price actions may suggest a correction before the resuming the downtrend.
Last impulse could be a 3rd wave as well. Good luck!
The MACD indicator inputs are 5 times the standard for visualization of the weekly momentum. Cheers!