NFLX broke below an ascending wedge, so I'm looking for a move down to a previous area of support that was also an important resistance level in the past. There will also be trendline support in that area, so it could be a great long. If it breaks to the downside, that could leak to a quick flush.
Note
This has worked out great so far. NFLX had a perfect bounce right at the previous ATH. We'll see if it's a temporary bounce here or if it's going to move back towards a new ATH. I vote temporary for now.
You reap what you sow.
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VIP Lifetime Access Program:
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.