I Just don't see any further upside in $NFLXWhat wall st is saying is that the lockdowns will accelerate subscriber growth upwards, that's fine. However, what happens when the lockdowns are lifted? Subscriber growth would be maxed out and declining. I'll be closing my long positions and going short at some point. Targets are on the chart.
Netflix
NETFLIXA strong resistance point has not been broken since 2018, and it has been broken and strongly this year.
As shown in the chart, we note the return of the stock and the test of the previous resistance, then do a return to the top, confirming the strength of that area and confirming the possibility of buying
"Netflix: Potential to move towards the Fibo Zones"4H Chart Explanation:
- Price broke the All Time Highs Zone (Resistance Zone).
- It is currently on a Bullish Corrective Structure (V-Shape).
- If price breaks it, there is potential to move up towards the Fibo Zones.
Daily Vision:
Weekly Vision:
Updates coming soon!
Netflix has come to a fork on the road.Netflix has come to what I like to call a fork on the road. If Netflix does not break over $363 and breaks over the top trend line on this chart we might see a reversal in price that can take it all the way down to $77 on a large (WXY) correction as shown on the chart above. It has finished the (X) wave up and it is currently one the (b) wave of the (abc) wave of the (Y) wave down. Let's see how this plays out.
The #1 Question... When To Buy & Sell! (BTC)To all existing students we want to say thank-you for enrolling with Major League Trader! 😁
We are always working on developing additional studies to add to your current curriculum and we think we may of found an additional method to make the current "Crossover Strategy" even more powerful!
This will make the buy and sell opportunites even Easier to identify with less chop.
We will be adding this study to your course shortly.
Take a brief overlook of the chart of bitcoin above and notice how easy it is to find the major trend shifts.
We hope you will enjoy this addition to your study guide.
This will work with any market.
See you soon!
Happy Trading,
MLT | Major League Trader
NETFLIX INC (NFLX) Market High SHORT!
hey guys,
Netflix will soon retest a current structure high!
To short wisely look for a bearish breakout of a rising channel on 1H chart.
to not be caught by a consolidation, add a minor horizontal structure breakout as well!
safe stop placement is above the structure high.
target levels based on structure: 428/417
good luck!
NFLX: Potential New All Time Highs 1D (May 06)X Force Global Analysis:
In this analysis, we explore the technicals of Netflix (NFLX), the world's leading internet entertainment service, and arguably one of the biggest beneficiaries of the Corona Virus (Covid-19).
Analysis
- First of all, unlike most other blue chip stocks, we see a steady uptrend
- Counting Elliott Waves, we can count an Impulse Wave (12345) up, before a strong Corrective Wave count (ABC)
- This correction was not only a technical correction, but also one caused by the massive fear in the market due to the Corona Virus (Covid-19)
- After this correction, we can count Elliott Double Combo Waves (WXY)
- Wave W consists of a smaller double combo wave, and we are currently seeing wave X play out
- Within wave X, we can expect a corrective ABC wave, leading down to the trend line support marked by the dotted red line
- To support this, we see a death cross that has formed on the Moving Average Convergence Divergence (MACD), forming bearish histograms
- The Relative Strength Index (RSI) continues to create lower highs as well
- However, as the trend strength and momentum remain solid, we can expect a further impulsive move after a potential correction, leading us to new all time high levels
What We Believe
Netflix has been strong despite the fear in the market. The bullish momentum and trend strength remains, as Netflix strives to create record highs.
Trade Safe.