NFLX14 straight session and NFLX couldn't close above 368.
NFLX along with META, TSLA, and NVDA has had enormous gains in the couple of months;
Coincidentally they suffered the biggest pullbacks late last week.
1.Daily selling pressure increased on NFLX
2. Broke wedge support.
3. Triple top playing out on the hourly.
My short target would be 315 gap close .
Keep in mind , no matter how bearish this setup looks, if CPI causes the market to rally NFLX could move in a bullish direction.
Any stop losses should be a close over 368
NFLXD trade ideas
Calm before the stormThere is a pattern of tops both in RSI and MACD. I expect it to reach the highs on both indicators again. Therefor, I believe it will go up a bit more, around 385. After that it will head down towards the support of 335 or possibly lower depending on how bearish the market will be in the coming months.
NFLX Monthly analysisI would like to see price retrace to this monthly bearish breaker to finish creating the market maker sell model. PUT CITY! (High, Low, Higher high/ manipulation and grab on buyside liquidity, delivering huge monthly diplacement candles breaking structure and creating a lower low. With in this set up we have a monthly fvg witha breaker within as well as OTE in the same targeted are for going short. AMD (Accumulation Manipulation Distribution)
NFLX Potential for Bullish Rise | 8th February 2023Looking at the H4 chart, my overall bias for NFLX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 332.72, where the overlap support and 38.2% Fibonacci line is. Stop loss will be at 273.41, where the recent low is. Take profit will be at 472.02, where the overlap resistance and market gap are.
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Password Sharing, The Death of Netflix.It's not 2014 Streaming Movies isn't revolutionary anymore. Netflix's days of competing with Block Buster and Red box are long gone. Streaming services like Hulu and Disney+ are taking more market share as the days go on. Unless Netflix can evolve its identity it will just be another streaming service in an overly saturated market. Netflix Accounts are used communally like public toilets, where will this company be in 10 years?
Netflix remains positive.Netflix - 30d expiry - We look to Buy at 332.21 (stop at 312.09)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Previous resistance at 330 now becomes support.
Previous support located at 330.
329.82 has been pivotal.
We look to buy dips.
Our profit targets will be 382.42 and 388.42
Resistance: 368.90 / 380.00 / 396.50
Support: 348.71 / 332.63 / 313.39
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NFLX continues downside trajectory to wave c ahead of FOMC 2/1This update continues to build upon the idea published on 1/25/23. On 1/26 NFLX showed weakness around $370 as it refused to push higher. The initial short play was further endorsed by the bearish divergence on the hourly RSI below. Right now we expect NFLX to complete this (a,b,c)sequence down to $345 at the least. This should play out right before much anticipated FOMC on 2/1/23 which we have an overall bullish outlook for.
You may tend to see rather bullish pricecaction from the calls that could come in for the smaller b wave tomorrow 1/30
I will not partake in this move up but will rather wait for signs of weakness & rejection back to downside to complete the more aggressive c wave as listed on the chart.
Currently in the $362.50/360 Put Debit Spread Exp 2/3. I may re-enter for less outlay on any bounce up to $355+ tomorrow to target the $348 area for more efficient gain. Example being a $355/$352.50 Put Vertical exp 2/3 or 2/10
$NFLX: Weekly uptrend confirmed$NFLX has flashed a series of weekly uptrends, and in the prior two occurrences, it reached the target really quick, within the first 1-3 bars. With earnings due it could be about to surge higher fast, but of course there's a risk with going long ahead of earnings, I generally don't take trades ahead of earnings unless I'm up YTD. Keep an eye out for continuation here, setup looks solid.
Best of luck!
Cheers,
Ivan Labrie.
NFLX AnalysisPrice did not play out as analyzed last week. Price rallied higher to the main bearish POI at 366.43 and has shown signs of changing of character on the lower timeframe. However, there are also buy-side liquidity being built on the lower timeframe, where price could still continue higher before a confirmation to go lower is given.