Worth a shot - NFLX short at 1:1
The crazy run up of NFLX has been an almost straight line - which always makes me suspicious. To my observation retracement-less runs are mostly corrective. A healthy impulsive move has significant retracements (ie. Wave 2 is normally 61.8% by the books). Also noteworthy that the May 9, 2022 low is extremely oversold and the stock bounced without RSI divergence. Also per my observation, these OS (and OB) peaks are sooner or later taken out. Per the above points I will try for a short on this one at the 1:1. No idea what the catalyst would be, it is technical speculation.
Disclaimer
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.