This video breaks down how i took a trade on NASDAQ:NFLX short today and how to avoid the mistake of taking reversal trades when using the RSI and MACD indicators.
Going over NFLX price action last few weeks. what our plan is what we see the market is telling us. we're positioning for what the market does vs what we think will happen. we have a dynamic plan and thats the way we're going to trade NFLX next week.
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Hello There!
Welcome to my new analysis of NFLX. The NFLX price action already determined a heavily bearishly inclined bear-market wave towards the downside printing a bearish wave of over -70% and liquidating a ton load of bull-trapped positions with the crucial bearish wave A. Now, NFLX is in this meager uptrend which is not anything than a next continuation...
In this update we review teh recent price action in Netflix and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
IN this update we review the recent price action in Netflix and identify the next high probability trading opportunity and price objectives to target
•Past performance not indicative of future results
I think Netflix is going to the upside tomorrow. the market may pull back slightly but after that ill be looking for a setup to take Netflix long. NASDAQ:NFLX
Netflix Trade 4/6/2023
335 Puts SAMe day Expiration
$1.77 entry 9:39pm - $2.58 exit at 9:44am
5 minutes = $81.00
Pros
1.Charting the day before allowed me to take advantage of the oppurtunity. knowing where the danger zones were gave me comfort.
2.I also manage my fear of loosing, and greed very well.
3.I leran that Direction and Momentum is...
$NFLX is currently testing the bottom of daily uptrend and just breaking back above the 200EMA.
It's likely to bounce here and extend to the $314.30 PL.
Please see chart and video for more details
Warning the overall market is bearish so trade accordingly.
Recently one of my followers posed a question for us so I wanted to share my analysis into Netflix and where I see it could move.
It goes without saying but please don't use this as financial advice, DYOR and this is only shared for educational purposes.
Disclaimer: I do not give solicitation to buy or short
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
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