Netflix Wycoff Distribution
I believe many of the large cap stocks in the market are going through large distributions. This is my take on Netflix (
NFLX) using Wycoff Method and his Distribution Schematics. There could be signs of recovery, but unless they have intense volume they will likely be Bull Traps. If the upward movement is on relatively low volume that is a sign of continuation to the downside finishing with Phase E .
NFLX) using Wycoff Method and his Distribution Schematics. There could be signs of recovery, but unless they have intense volume they will likely be Bull Traps. If the upward movement is on relatively low volume that is a sign of continuation to the downside finishing with Phase E .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.