Netflix takes breath for deep diving.As you can see on the chart, Netflix actually rises up for Gap filling.
Please mention: 30% in a few weeks.
Wait until first Gap ist Closed, then go short.
NFC trade ideas
NFLX AnalysisPrice has filled most of the gap from April 2022. We see price is on an uptrend with shortening of the up waves, indicating exhaustion of this uptrend. I'm expecting price to mitigate the bearish POI at 331.62 before going lower.
NFLX- Ascending Wedge Pattern Setting up Bearish SHORTNFLX has been in an uptrend and quite bullish and relatively strong
on the 2H chart an ascending wedge pattern is seen.
Moving Averages confirm the present trend as bullish with no crossovers
and the price above all of them.
Given the ascending wedge I will take a small position now at the trendline
resistance as a swing short. I will add to it if/when price breaksdown
below the green trendline support and the fast moving average crosses
the intermediate moving average as well as a line crossover on the MACD
or bearish divergence on a RSI indicator.
#Netflix Rising wedge with Bear divs. Get shortNetflix has a rising wedge that looks pretty much complete. We are at the high side of the pattern. STO is high so lots of room to fall. 5 bearish divergences showing the new highs are weak. Worth a short position.
Volume is insignificant compared to the volume spike on the first high.
RSI is 64 and is weaker on each new high. Buyers are running out of steam. Sellers are taking over.
Stochastic is 83 so we have topped out with plenty of rom to fall.
Target 1 = 250
Stop Loss = 345
Line in the sandLooks like we have reached the line in the sand. Short as long as we are below the blue line.
NFLX quick move downlooks like we see some rejections ! let's see if we can catch a downside move Monday !!!
NFLX Simple Chart AnalysisNFLX if you notice the drop was almost near to the support we draw before. It rebound & will continue to move towards a higher area here. Red chip are growing too.
Anything below 249 area will be an exit.
NFLX is looking like a short!NFLX has been running hot for awhile now, with CPI and JPOW decision next a pull back sound perfect for bears!
Bearish on NFLX, holding a Put Option for Next Friday Dec 16Rejected at the top of Previous Gap + top of Channel Trend & Shooting Star candle pattern on the Daily chart.
NFLXNot an ideal set up here for a long, looks good af to short though..
Will do that here and labeled fib levels which could offer support.
Rising wedge in the works here and 300 looks at least to be tested soon.. possibly below that if the formation breaks down.
NFLX Daily TAI mean this is just textbook analysis, but for those that dont know this is the most simple rising wedge i have seen, I personally would say that nflx has one more leg up before a break below the wedge. I will keep tracking it. Again this is the DAILY chart so dont screw yourselves.
NFLX Bounce Boyshuge bounce on NFLX due to it being oversold. downtrend seems in tact therefore i wouldn't be surprised to see a huge rejection off the first test of previously lost support now turned resistance. heads up out there
The gap on Netflix is nearly filledThe huge gap in the Netflix chart has nearly been filled up with the recent up trend which looks to me like a bearish rising wedge pattern. Could we soon see a reversal?
ABC Bullish/Rising WedgePrice is inside a rising wedge that has not been broken.
Possible RSI Divergence although it is subtle.
ABC Bullish pattern that is inside the wedge has taken price up.
Analyst upgrade.
The wedge is not valid until broken.
Targets 1 and 2 have been met.
No recommendation/There is resistance overhead.
NASDAQ NETFLEX goin short NASDAQ:NFLX
there is more than one signal showing us that the price will respect the the AB=BC pattern . and the rising wedge .
Take NFLX downNFLX Rising wedge with a bearish RSI divergence pattern as well. Let's take it down to 240.
