NFLX34 trade ideas
Netflix Is In Process Of Doing Five Waves AdvanceShort Term Elliott Wave view in Netflix ticker symbol: NASDAQ:NFLX suggests that rally from 8.05.2024 low is incomplete & should continue upside. It is showing 3 swing higher since August-2024 low & expect more upside against 11.18.2024 low. It ended 1 at $736 high as diagonal & 2 correction at $669 low. Within 1, it placed ((i)) at $711.33 high, ((ii)) at $660.80 low & ((iii)) at $728 high. Wave ((iv)) ended at $696.43 low & finally ((v)) ended at $736 high as wave 1. Within 2 correction, it placed ((a)) at $699.78 low, ((b)) at $710.24 high & ((c)) at $669 low near 50% Fibonacci retracement of 1.
Above 2 low, it favors upside in wave 3 in another 5 waves impulse sequence. Whereas wave ((i)) ended at $773 high, wave ((ii)) ended at $744.26 low. Wave ((iii)) ended at $841 high, wave ((iv)) ended at $804.30 low and wave ((v)) at $941.75 high. Below from there, the stock made a pullback in wave 4 to correct the cycle from 10.17.2024 low. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $909.61 low in a lesser degree 3 waves.
A bounce to $928.94 high ended wave ((x)) and started the ((y)) leg lower towards $896.73- $876.79 blue box area where buyers were expected to appear. Since then the stock has reacted higher from the blue box area allowed longs to get into a risk free position. Therefore ended wave 4 pullback at $881.01 within the blue box area. Near-term, as far as dips remain above $881.01 low and more importantly above $804.46 low the stock is expected to resume the upside in wave 5. For minimum extension target towards $956.38- $979.68 area higher (inverse 123.6%- 161.8% Fib extension of wave 4). Before ending the cycle from 8.05.2024 low in 5 waves advance & making a pullback.
#NFLX Projection by end 2026As my analysis shows here, the #NFLX will more likely reach the target of $1160 by the end of 2026. This will be beyond the market average and it's a beat the market situation.
Study more, technical analysis is just the probabilities overview.
867 or close is clear direction bearish short term The downward movement started but stopped in the last session; based on the sentiment of the individual ticker, movement can be seen to the upside, but not in the short term. I believe a mid to high 800 test is a solid retracement and a substantial area to buy.
NFLX, BE CAREFUL HERE GUYS Netflix has been on a great run for a while now. It’s getting very close to a major correction that will come over the coming weeks and months ahead. Just based off a few things here in this simple 2 week chart we have a major trend line where price gets rejected every time we hit it. All major time frames are over heated. Volume has been falling for quite some time now as prices have been on a steady climb. It’s basically telling us that mostly retail and smaller players have been pushing these prices up lately.
Nothing goes up forever guys. Be extremely cautious at these levels. The probabilities of a 25% plus correction from here are high.
Be rational and play it safe. God bless
NFLX - Fundamentals and simply a great company to invest in!Hi guys, next we would be looking into NFLX , which has had a tremendeous year already! It is up 480.28$ YTD as of today 26th December , which accumulates to 103.99% upside of their stock value. Currently they have shown fantastic financial data throughought Q1,Q2,Q3 not only that they showed a good growth towards their subscribers, and last but not least they just started their NFL Program which launched recently which definitely would boost their revenue.
Additionally they signed a very important contract that goes as follows :
Contract:
Deal with Fifa, soccer’s global governing body, covers the 2027 and 2031 editions of the Women’s World Cup
Agreement covers Puerto Rico and includes both English and Spanish-language broadcasts
Netflix will produce an exclusive documentary series in the lead-up to both tournaments
Streaming platform’s coverage will also feature studio shows
So the stars are alligning for this company and I am deffinetely looking for the break through to the levels above 1,000$ per share.
Entry: on market open - 935$
Target: 1,150$
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Top 5 Weekly Trade Ideas #3 - NFLX Channel BreakThe market is beginning to look a lot more bearish this week IMO, so starting to look at some short setups after only taking longs basically since the election. Wouldn't be surprised if we had a bullish reaction after FOMC and into the end of the year, but expecting downside at this point.
NFLX may be a good candidate for a short, clean channel break and has already failed on a retest once. Don't think I'd short here, maybe on another channel test or ATH test. I'd mainly be looking for puts if it breaks back below $909 and fails on a retest. Final downside target for this one will be a full retracement of the move from where the channel started around $859.
NFLX pullback to $803MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is positive
Price at 4.618 Fibonacci level
Down from $876.75
Target is $803 or channel bottom
will manually stop loss
BUY NETFLIXJust an idea and trade at your own risk.
Netflix looking bullish on its weekly timeframe and still in uptrend channel.
After testing the lower of the uptrend channel at area 150, uptrend is resuming and possibly to the upper channel of the uptrend.
Netflix to $1,100 ?With Christmas around the corner, Netflix (NASDAQ: NFLX) is set to benefit from increased streaming as families worldwide spend more time indoors during the holidays. This seasonal trend, coupled with Netflix’s rich content library and holiday-themed releases, positions the platform for significant engagement and subscriber growth.
The stock recently closed at $909.74, and analysts at TipRanks have set an optimistic target of $1,100 per share. With increased global streaming hours and strong content strategies, Netflix is well-positioned to ride the holiday momentum. Investors should watch Q4 subscriber growth for further insights into this upward trend.
NFLX Long TRADE PLAN
NFLX Long
IF
1hr uptrend if price retraces for correction down to 913.71
THEN
I will get in with 10 Shares and manage the trade to get a 4:1 and manage the trade for a potential 9:1
NETFLIX historic pattern targets $1500 in 2025.Last time we looked at Netflix (NFLX) was on its earnings release (October 21, see chart below), when we gave a strong bullish signal that easily hit our $840.00 Target:
Since 3 week ago, the price even broke above the dominant 1-year Channel Up and is now in search of a new pattern. This pattern can be found if we zoom out considerably on the 1W time-frame, where the underlying pattern since the U.S. Housing Crisis is a 25-year Channel Up.
The symmetry within this pattern is high and in fact since the June 2022 market bottom (which was a Higher Low on the Channel Up), the stock has been on a Bull Cycle. The Bear Cycle that preceded it had a massive decline of -77%. The last correction of this magnitude was the July 2011 - August 2012 Bear Cycle, which declined by -83%.
The two Bull Cycles that followed Netflix's golden years were identical (+825% and +847%). As a result, we assume that the current Bull Cycle will also rise by at least +825% from its bottom, which gives us a $1500 Target towards the end of 2025.
Notice also how both the 2012 - 2014 and 2022 - 2024 Bull Cycles had a 1W Golden Cross.
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NFLX SHORTnetflix is currently kissing a resistance trend from the previous peak, could go as high as 950 but should go down and retest the breakout level around the 50ma
Classic Elliot Wave Reversal?NFLX is on my short radar and given today's pullback candle after a divergent 3rd wave up. I'm expecting further pullback on any weakness in the market this week; perhaps after a bad inflation data.
Looking for a drive below $900 and lower ultimately around $865 region in the coming week(s).
Netflix - Please Buy This All Time High!Netflix ( NASDAQ:NFLX ) will retest the resistance trendline:
Click chart above to see the detailed analysis👆🏻
Netflix is currently perfectly breaking above the previous all time high and with a +16% candle of November, bulls are totally in control of this stock. If we look at previous cycles, there is a 100% chance that Netflix will now retest the upper resistance trendline of the reverse triangle.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
$NFLX Farewell , I bid the adeiu It was a nice ride I'm sure. But it's time to go back down now. RSI hitting resistance on the monthly. Daily exhausted with 7 green days in a row , with a doji to top it off. I would love a gap up and touch of the highs, then flush!! 3 days of red incoming. Monthlies can pay well 💬
From Our Previous NFLX OutlookNetflix moved exactly as how we had projected it some months ago! And still expected to pick up some new heights for atleast few months next!
$NFLX Strong Mover - Potential All Time HighNetflix has been a stronger mover, watching for breakout above the $903.65 strong sell price to target $907.95+ (ATH).
If we start to see weakness I'd like to look for a short below wedge support & the $892 demand zone to target $884.11 - $874.52.
NFLX: Expecting a 5%+ HaircutNFLX has risen well above the SMA's and has seemingly topped out at the 906-908 level. This recent high of 902 shows two fib confirmations (retracement and extension) that NFLX will retrace to as low as 932 in the coming week or 2. If the SMA's continue upward after this retracement, I am still bullish. However, if they begin to rollover with a price drop, then further selling will ensue.
$NFLX getting too extended here. Great short opportunity NFLX is hitting top of the weekly bullish channel trendline. It already rejected it once hard.
It looks too me like we're headed back towards 700 area. Puts should work for a month out
NFA
$NFLX: OUTLOOKNASDAQ:NFLX : OUTLOOK
Watching for a 1-HOUR candle close ABOVE $880.95 to ENTER 📈
Targeting $886.31 price level!
👉 LIKE & FOLLOW for more updates!
Volume Cluster Breakouts: A Trader's GuideVolume clusters are valuable tools for spotting potential breakout opportunities on lower timeframes. In this guide, we’ll explore how to identify these clusters, understand their underlying dynamics, and leverage them to refine your breakout trading strategies.
What Are Volume Clusters?
Volume clusters are areas on a price chart where significant trading activity converges with price compression, often preceding breakouts. These clusters form when multiple Points of Control (PoCs)—price levels where the highest trading volume occurs—align closely over a period of time. This concentrated activity highlights zones of intense market focus, where buyers and sellers reach a temporary equilibrium.
The SVP HD (Session Volume Profile High Definition) indicator plays a key role in identifying these clusters. It visually maps trading volume across price levels and highlights PoCs as red lines. When PoCs cluster at similar price levels, it suggests that market participants are heavily engaged in a specific range, indicating potential energy buildup.
Nvidia 5min Candle Chart: PoC’s Start to Cluster
Past performance is not a reliable indicator of future results
Price compression patterns , such as wedges or triangles, often develop around these clustered PoCs. These patterns signal that the market is coiling, preparing to release pent-up energy.
Nvidia 5min Candle Chart: Structural Price Compression
Past performance is not a reliable indicator of future results
The combination of clustering PoC’s and price compression creates potential for a significant price move—either breaking out of the range or reversing sharply. By using tools like the SVP HD indicator alongside price action analysis, traders can spot volume clusters and anticipate breakout opportunities with greater precision.
Nvidia 5min Candle Chart: Volume Cluster
Past performance is not a reliable indicator of future results
How Can We Trade Volume Clusters?
Volume clusters provide an ideal environment for breakout trading. The combination of compressed price action and concentrated volume creates a high-probability setup for a significant price move once the range breaks. Here’s how to trade them:
Identify the Breakout Level: The first step is to recognise the compression pattern (e.g., wedge, triangle) formed around the PoCs. A breakout above the upper boundary or below the lower boundary of this compression zone signals a potential move in that direction.
Anchor a Volume-Weighted Average Price (VWAP): Once the breakout occurs, anchor a VWAP to the origin of the move (the point where the breakout started). This VWAP helps with trade management by providing a dynamic level to monitor price action and adjust stops or targets as the price progresses.
Set Stops and Targets: Place your initial stop just outside the opposite side of the compression pattern (e.g., below the lower trendline for an upward breakout or above the upper trendline for a downward breakout). The anchored VWAP can be used as a dynamic trailing stop. For targets, consider a multiple of the range of the compression pattern or look for key support/resistance levels to guide your exit strategy.
By following these steps, you can effectively trade volume clusters, capturing the momentum created by the breakout and managing your trades with precision.
Example: Netflix 5min Chart
Before: On Netflix’s five-minute candle chart we are seeing the daily PoC’s start to cluster around similar prices. We then start to see the market’s swing structure compress – creating a volatility cluster – signalling a breakout could be imminent.
Netflix 5min Candle Chart: Volume Cluster
Past performance is not a reliable indicator of future results
After: We then see Netflix enter a multi-day breakout which sees the share run higher for several sessions – tracking above multiple anchored VWAP’s.
Netflix 5min Candle Chart: Breakout
Past performance is not a reliable indicator of future results
Strengths and Weaknesses of Trading Volume Clusters
Strengths
• Clear Market Insight: Volume clusters highlight areas of market balance, providing traders with clear, actionable breakout zones.
• High Breakout Potential: The combination of concentrated volume and price compression creates an ideal setup for strong, directional price moves once the range is broken.
• Enhanced Trade Management: Anchoring a VWAP to the breakout origin offers a dynamic tool for setting stops and targets, improving risk management and profit-taking strategies.
Weaknesses
• False Breakouts: Not all breakouts succeed. When volume clusters fail, price action can reverse sharply, resulting in false signals and potential losses.
• Lagging Nature of PoC: The Point of Control is inherently a lagging indicator, as it reflects past activity. While combining PoC with real-time price structure analysis mitigates this to some extent, it’s crucial to remain cautious.
• Limited Market Context: Volume clusters focus on localized activity and don’t inherently account for broader market trends or higher timeframe dynamics. This lack of context can weaken their reliability, which we’ll address in the next section.
Other Factors to Consider
To maximise the effectiveness of trading volume clusters, traders should consider additional factors:
Higher Timeframe Support and Resistance: Aligning the volume cluster with key support and resistance levels on higher timeframes increases the reliability of the breakout.
Higher Timeframe Trend: Always consider the broader market trend. Volume clusters work best when they occur in the direction of the larger trend, as they provide higher probability setups.
Catalysts Behind the Breakout: Look for catalysts that could drive the breakout, such as economic news releases, earnings reports, or changes in market sentiment. A catalyst can fuel the breakout and lead to a sustained price move.
By factoring in these elements, traders can improve the probability of a successful breakout when trading volume clusters.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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