afler all i notice on the chart my probability the trend going down
Two bearish patterns appearing for $NFLX last week. The weekly shooting star should have this name challenging 426 next week.
In this particular setup for some reason I see Netflix falling for a little. The possible short setup is forming.
🤔 Two patterns taking place as we hit major level of Resistance. Bull Pennant or Inverse Head And Shoulders. Price is being compresses in the green pennant formation. Safest bet is to play the pennant breakouts to the up or the down / avoid the noise for now. Once the break happens, next you will look to play those positions towards the green horizontal support...
POTENTIAL bearish Head and Shoulders forming, as well as confluence with rejection off 1.618 fib extension + Bearish bat pattern. If the break of (B) confirms the star alignment, looking to enter short into the red zone, add on a reversal pattern confirmation, then add again on the trend line crack looking towards .318 and .682 retracement (green) for profit targets.
after all i notice on the chart high probability to the trend go up to test the resistance line 1
after rupture the strong resistance line go up to test resistance line 1 go down to test the support line --------------------------------------------------- the probability to trend go up to test the resistance line 1
This STRONG SUPPORT ZONE was a breakthrough on the 14th of April, towards the top, and it was retested on the 29th of April. The trend did not breakthrough it towards it, but it made a strong ascending to the top. This indicates that it is a strong area and a high probability that it will be the beginning of a corrective movement towards the top.
We notice that since May 19th there has been a gradual depression of the curve There is a high probability that it will climb to touch and test the curved resistance line and descend to the support line 1 After that, there are two possibilities that either it completes the descending and breaches the support line 1 to reach the support line 2 or does the...
X Force Global Analysis: In this analysis, we explore the technicals of Netflix (NFLX), the world's leading internet entertainment service, and arguably one of the biggest beneficiaries of the Corona Virus (Covid-19). Analysis - First of all, unlike most other blue chip stocks, we see a steady uptrend - Counting Elliott Waves, we can count an Impulse Wave...
Everything on the chart. In my previous idea we got a stop. But now the picture is more understandable, most likely we have formed a double top pattern, + from the bottom we have gap. open pos: market target: ~383 stop: 446$ Risk 1 to 6 Hello everyone, almost year ago i have lost my deposit(almost 8btc and i'm still broke w/o deposit and job,I can’t do my...
Everything on the chart. Two scenarios but both short. After a local rebound, the fall will continue. (yellow Scenario) If this a local correction our target area ~396$. (red scenario) if this impulse our targets will lower on 383 and 372$. I would fix at least 50% of our profit when we come to the area 396$. stop: 433$ Good luck guys. Hello everyone, almost year...