Although stop runs above 420 didnt trigger, a move down towards 380 still came to fruition. A decent demand zone has formed around 380 and fully expect to come into play again. Expecting some bounces at 395 (already happened), 390 and 380. Earnings are at the endo of July so trade should be closed before that.
Trade closed: target reached
All targets hit. NFLX plunged in after hours trading and shot even through 380 zone. Demand zones on small time frames such as 1hr are nullified when this kind of move happens and youd have to look for support on Daily and Weekly timeframes. Anyway great call :)
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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.