NFLX - Bearish Sequence
Netflix has been in a Downtrend since July 19th.
After its failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to Retrace to the Fib'd Range @ 412.27 - 398.52 to be rejected down to Sequence Target @ 315.6 - 283.05!
As for indicators, Price Action has moved beneath a curling 200 EMA and my Dynamic Support & Resistance strengthening my Bearish Bias.
After its failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to Retrace to the Fib'd Range @ 412.27 - 398.52 to be rejected down to Sequence Target @ 315.6 - 283.05!
As for indicators, Price Action has moved beneath a curling 200 EMA and my Dynamic Support & Resistance strengthening my Bearish Bias.
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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.