Netflix hourly double bottom
Updated
Great hourly double bottom shaped yesterday on Netflix chart. The context looks good: we are in the correction wave on daily with retracement ~50%. Broad market also recovered yetserday and looks strong.
I'll be defintely watching reaction near 586 level, where strong sell-off occured on Tuesday, with a goal to enter on the next hourly higher low
I'll be defintely watching reaction near 586 level, where strong sell-off occured on Tuesday, with a goal to enter on the next hourly higher low
Note
Yesterday, provided a nice opportunity for an intrade long trade. Bulls confirmed their control by clearing out first resistance leve (586). There is still a bigger opportunity to enter on hourly higher low with profit target ~597
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