Entry price: 610-615$
Target price: 575-580$
Stop loss: 620-625$
Bollinger Bands: The price is approaching the upper band.
RSI: Indicator is approaching 70 level, therefore the market is near to be overbought.
Fibonacci Retracement: The price is approaching the resistance level (Fib 1.618 level).
Conclusions: Bollinger Bands and RSI suggest the trend reversal in...
In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas.
Now the situation is ready. How will we proceed from here?
The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the...
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Here is the top-down analysis for NETFLIX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Traders, Netflix made a great run and never gave a a chance to short beyond our sell level. (See the attached previous analysis idea). Now Netflix has gone out of the range to
1. Collect stop losses hence create a bull trap
2. Complete a W pattern
3. Touch 600 psychological level which was missed last time
This not has a potential to fall to target below (white...
Still some correcting to do before I want to buy in. Looking for a local top wave b to conclude and put in a wave c which should be buyable. Ideal buy will be around the $560 region. Will be on the sidelines until we test that region but worth keeping on watch.
Looking here we see that NFLX bounced nicely right off the 9-day moving avg and is making a move towards resistance…
Now If we break resistance we are looking to take a pretty nice play in terms of options those premiums are a bit pricy but definitely worth it!
Hello my beauties.
It seems that Netflix has entered and completed a reaccumulation phase. This is normally deduced from the higher highs the price creates. Its tendency to rise throughout the range without providing a SOW (sign of weakness) indicates strong interest in buying the dips.
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Price saw a decisive breakout on September 1st, breaking the major resistance level at 575. We even saw a re-test back down at this level last week. Now, it looks like the price is resuming off to the upside again.
Hello everyone, as we all know the market action discounts everything :)
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The market seems to be falling into a small sideways move for the last 10 days that's located between the ranges of 610.13 and 572.07.
NFLX has been doing great for itself,...
Bullish trend of Netflix, started in April 2020, seems to continue after the breakout of the channel formed in the last months. RSI shows us that is not overbought or oversold and ADX is above 40 indicating a very strong trend. Entry price would be close to previous support formed after breakout. Moreover, support coincides with 50 % Fibonacci suggesting a...
I wasn't able to post this on tradingview the other day as my publishing tool was not working, but never the less, nice to see that the idea of a possible reversal off channel resistance has worked out quite nicely. As indicated the RSI was the most overbought it has been in a long time, and a reversion to mean play was a high probability.
Stock Market Trading is dangerous and non profitable for most of you out there. Follow signals, make money. Period.
How to use my signals?
LONG: Buy and hold as long as the price stays above the green zone.
SHORT: Sell and hold as long as the price stays below the red zone.