"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
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.
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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.
Netflix Blue Sky Breakout| S/R Flip| Fibonacci Targets Evening Traders,
Today’s Technical Analysis – NFLX – confirming an S/R flip, on the verge of a blue sky breakout if local high gets taken out.
Points to consider
- Trend broke key resistance (S/R Flip)
- 1.414 Fibonacci Extension Respected
- RSI above 50
- Stochastics projected down
- Volume climax evident
NFLX’s trend has breached a key level confirming an S/R flip; it has tagged the 1.414 Fibonacci Extension, marking the temporary top.
The RSI is currently above 50, indication of a bullish bias whilst the stochastics is projecting down with no official buy cross.
Volume climax is evident; price is trying to establish its equilibrium in this new range before its next impulse move.
Overall, in my opinion, if NFLX takes out its local highs, it will continue its blue sky breakout. However a breakdown and close below the S/R flip region will establish this being a false break.
The local support retest provides the best R/R trade for Netflix at current given time.
What are your thoughts?
Please leave a like and comment,
And remember,
“Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” ― Yvan Byeajee,
#NFLX ANALYSIS.. BULLISH SIGNS.. I think there are positive signals in #NFLX.. In the medium term, we can see an upward trend in the stock..
#NFLX is priced above ma 50 on the 4-hour chart, which is pretty positive.. Also, the reference value of rsi 45 seems very important for price movements.. I think after a short retreat, the price will go up in the medium term and will test the critical pivot point in 520 usd level.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to trading.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
Buy Netflix stocks ASAPI can state that we may have a strong arrow move to the up in the next days if the current candle broke the upper pitchfork line with force
NFLX - Netflix S/R zonesHello traders,
Description of the analysis:
Gray support levels suitable for investment.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob