It worked again. S&P 500 has not been able to break out from this resistance level since GFC.
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...
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...
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...
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. Goodluck!
Good entry point for a breakout of the level after a long consolidation. Take 1 - 595 $, take 2 - 625 $.
Trade Idea: 3525C over 3500. 9/17. ..........................................
patterns are obvious on the chart. long-term target : 1545 .
#nflx we see it trading at 2.5 standard deviations from the quarterly vwap on the daily, with the most overbought it has ever been on the daily, furthermore it has formed a double top at all time high and bounced off from it. This breakout attempt did not follow up with the volume needed to be seen to move forward and shows candle exhaustion. Fair price is 530s....
Today we will speak about NETFLIX. These are the main elements we can see on the chart: a) The price has been inside a consolidation of around 420 days. Now we have observed the breakout b) Based on that, we want to see a 7 days correction (at least), and if that happens, we will set pending orders on the new ATH and stop loss below the correction c) The...
In a trading world where you compete against algorithms, the wise trader must update their knowledge to what computers (algorithms) use..! I am confident computers do not use linear models, the question is how you can translate what you know into algorithms language! The key to success is Mathematics..!
Today I analyze NASDAQ:NFLX stock price movements. Here I use my box strategy combined with Fib retracement. NASDAQ:NFLX stock price is in a long-term rising trend channel. However, it has been kept in a 465-575 range since June last year, hence the box formation. There was an unseccessfull box breakout attempt in January 2021 where the price reversed to a...
Trade Idea: 9/10 600C over 593 NFLX over 600 can cause a big breakout. .......................................
On weekly chart NFLX entered wave 5 as we can see. Target for wave 5 is 620 and 700 area. Let breakdown to daily chart On daily chart price action look so bullish, look like we have a small degree maybe we will have some small correction than we can expecting continue trend
HOOD 2H I Has an average price target of $55. Watching for a bounce between $41-$43. With $40 being an optimal entry to go long in this fintech name. COIN 4H I We traded COIN breakout above $275 last Friday. Unsual activity is betting on $280-$290 for 09/10. Watching COIN above $280 as BTC shows strength. AAPL 1D I Just as expected, AAPL broke above $150 and...
As others may also concur, the markets are over extending gains and are due for a small correction. The s&p, nas are both showing divergences and are very far from the 50 period moving averages. Our other market indicators such as the VIX are responding well the support levels within their respective historical ranges. Taking a look at the dollar index we also...
Hello, I've been waiting for a NFLX breakout since we first entered the range in JULY 2020. This week NFLX has made an all new high and looks to be closing above on the weekly above the range for the first time. If we can see a pullback to $560 and it is used as a support, I believe this will be an incredible buying opportunity. Hopefully this will be during...
i recommend sell nflx at this levels ..as you can see here