Short

NFLX is the Next To Go

Updated

NFLX has been very strong for over a year now. However, all good things come to an end. We have a Head and Shoulders pattern about to break structure.

Great Risk reward setup

Note

Keep an eye out for the CRACK!

Note

Still waiting for the break. One more up

Note

Magic!

We got one more up and now CRACK!

Note

CRACK!!

Note

New low made

Note

Like Magic NFLX continues to fall as I have warned it would.

MAGIC!

Note

NFLX continues to push lower as expected.

This is the type of high-probability success story you want in your investment career. Unbiased, unemotional, straightforward, simple, repeatable, set it and forget big moves.

Note

Despite the sudden move up, nothing has materially changed in the structure of the chart. This is a garden variety corrective move up after a persistent push lower. The fact it gapped up giving people no time to buy would indicate that there is little incentive to hold to defend the move. In fact, I would argue new buyers up here are more likely to puke it up should it start to fall. (weak hands) We have seen many bull traps play out in this market recently.

RealMacro

Real Macro Economic Investing
patreon.com/Realmacro

Also on:

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.