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Netflixshort

Netflix Compression. (NFLX)🤔 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 and Resistance levels to test for trend continuation. Cheers! 🍺 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:NFLX
by UnknownUnicorn2319099
4
NFLX: Potential New All Time Highs 1D (May 06)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 (12345) up, before a strong Corrective Wave count (ABC) - This correction was not only a technical correction, but also one caused by the massive fear in the market due to the Corona Virus (Covid-19) - After this correction, we can count Elliott Double Combo Waves (WXY) - Wave W consists of a smaller double combo wave, and we are currently seeing wave X play out - Within wave X, we can expect a corrective ABC wave, leading down to the trend line support marked by the dotted red line - To support this, we see a death cross that has formed on the Moving Average Convergence Divergence (MACD), forming bearish histograms - The Relative Strength Index (RSI) continues to create lower highs as well - However, as the trend strength and momentum remain solid, we can expect a further impulsive move after a potential correction, leading us to new all time high levels What We Believe Netflix has been strong despite the fear in the market. The bullish momentum and trend strength remains, as Netflix strives to create record highs. Trade Safe.
NASDAQ:NFLXLong
by XForceGlobal
NETFLIX INC (NFLX) Mohthly & WeeklyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
NASDAQ:NFLX
by Dinjin
Elliott Wave View: Further Downside in NetflixShort term Elliott Wave view suggests the rally to $299.5 in Netflix ($NFLX) ended wave 2. From there, the stock resumed lower and ended wave 3 at $252.03. Internal of wave 3 unfolded as a 5 waves impulse Elliott Wave structure. Down from $299.5, wave ((i)) ended at $287.45 and wave ((ii)) bounce ended at $293.81. The stock extends lower and ended wave ((iii)) at $261.89, wave ((iv)) bounce ended at $266.60, and wave ((v)) of 3 ended at $252.03. Wave 4 bounce i still in progress. Near term, while bounce stays below 299.54 expect Netflix to extend lower. We don’t like buying the stock.
NASDAQ:NFLXShort
by Elliottwave-Forecast
1
NETFLIX NFLX stock long bias from weekly demand imbalanceYou don't really need a university career on economics to learn how to trade stocks like Netflix NFLX, you don't need to buy dozen of books on trading strategies, economics and fundamental analysis on how well a certain company has performed in the last quarter or in the last year. You can learn how to trade stocks like Netflix NFLX by simply locating the imbalances created in the underlying stock. Since you won't be needing any Phd on economics, learning how to trade stocks using the supply and demand imbalances by professional traders will make it easier for you if you are new to trading, trading stocks for dummies we could call it. We have a clear example of a strong imbalance of demand on NetFlix NFLX american stock. This particular stock has been dropping for weeks since it reached the $370 per share price level. There were opportunities to sell NetFlix stock when it was up there but now that price has reached a very strong demand imbalance on the weekly timeframe around $256, if you every sold NetFlix up there or on the way down, it's time to close your trade and take profit because we are expecting price to rally much higher as a reaction to that strong demand level on NetFlix weekly imbalance. Let's hope price rallies much higher on NetFlix, similar imbalances have been created on many other american stocks. NetFlix forecast together with other american stocks are bullish and are creating very strong demand levels and even breaking all time highs over and over.
NASDAQ:NFLXLong
by AlfonsoMoreno
3
Elliott Wave View: Netflix Structure Looking Further DownsideElliott Wave structure in Netflix shows an incomplete bearish sequence suggesting the stock should continue to see selling pressure. On the chart below, the rally to 316.59 ended wave 2. The stock has extended lower in wave 3 with the internal unfolding as 5 waves impulse Elliott Wave structure. Down from 316.59, wave ((i)) ended at 288 and wave ((ii)) ended at 311.75. Wave ((i)) subdivided in another impulse structure of lesser degree. Wave (i) ended at 305.68 and wave (ii) ended at 316.43. Stock resumed lower and ended wave (iii) at 292.65, wave (iv) ended at 301.73 and wave (v) of ((i)) completed at 288. The internal of wave ((ii)) correction subdivided as a zigzag. Wave (a) ended at 303.55, wave (b) ended at 295.76, and wave (c) of ((ii)) ended at 311.75. Wave ((iii)) is currently in progress and the internal subdivides as a 5 waves impulse of lesser degree. Down from 311.75, wave (i) ended at 293.15. Expect wave (ii) bounce to hold below 311.75, and more importantly below 316.59 for further downside. We don’t like buying the stock. As far as pivot at 316.59 high stays intact, the stock should resume lower. The bearish view will get further validation if the stock is able to break below August 15 low (288).
NASDAQ:NFLXShort
by Elliottwave-Forecast