NFLX Trade UpdateNFLX is acting strong rallying towards wave v on the daily chart targeting the $590-$650 range. If this is the case, we will be leaving our long verticals into expiration maximizing the profits as NFLX rallies into wave v.
NFLX
NFLX 1D 2ND ENTRYEntry 2 - Buy at Daily Candle Close above 50 sma.
Breakout Candle Must Be
100% of the Average Volume
For full size position
OR
75% of the Average Volume
For ½ size position
Stop Loss is 1.5 x ATR
ATR @ 18.49
First Target is 1 x ATR
Close ½ position @ 1st TP
Let 2nd half position run
Trail Stop Loss
NFLX Hammer Candles at supportLooking to jump in this with a stop limit and will exit before earnings. Got a couple hammer candles at a support.
NFLX Netflix path and DirectionHello everyone
We had a uptrend channel since April in NFLX we broken one time to the upside however it seemed like a fake breakout
we got back to the channel now this channel is broken to downside
Watch key levels in chart and trade with care any question feel free to ask :)
KMXI WOULD GO SHORT UNDER 92. LEVELS BELOW ARE 89, 85
GO LONG OVER 100
TRADE IDEA: 90P 10/2. BID/ASK: .65/.85
AMZNI WOULD GO LONG OVER 3100 INTO 3130. OVER 3130 CAN SEE 3150, 3200. IF AMZN FAILS AT 3100 IT CAN DROP BACK DOWN TO 3000.
TRADE IDEA: 3200C 10/3 BID/ASK: 27.00/27.95
TSLATSLA CAN SEE 420, 428, 456 NEXT. IF YOU'RE NOT ALREADY LONG, I WOULD WAIT FOR THE 420 BREAK.
TRADE IDEA: 430C 10/2
NFLX bearish based on elliots wavesDont go long. I will sell short whenenver it bounces to my entry point
Elliott Wave View: Rally in Netflix is Expected to FailElliott Wave view of Netflix (NFLX) suggests the stock is doing a double three correction from September 2 high. Down from September 2 high, wave (W) at 478.84 low. The subdivision unfolded at a zigzag correction, where wave A ended at 485.98 low, wave B ended at 522 high, and wave C ended at 478.84 low. Afterwards, the stock bounced higher in wave (X). The subdivision of the bounce unfolded as an expanded flat correction. Up from wave (W) low, wave A ended at 493.73 high. Wave B dip ended at 471.30 low. The push higher in wave C ended at 504.77 high, which also ended wave (X) in the higher degree.
Since then, the stock has resumed lower and broken below previous wave (W), confirming the next leg lower in wave (Y) has started. Down from wave (X), wave A ended at 463.27 low. The bounce in wave B unfolded as another expanded flat and ended at 492.37 high. Currently, wave C is in progress. Wave ((i)) of C ended at 465 low. The bounce in wave ((ii)) is still unfolding as zigzag correction. While below 504.77 high, expect the bounces in 3, 7, or 11 swing to fail for more downside in the near term. The 100-123.6% extension of wave A-B where C can potentially ends is at 441.36-451.13.
These 3 Big Tech also-rans underperforming NASDAQ since Apr 2020These three Big Tech also-rans a bit limp in performance, underperforming the Nasdaq Composite Index, since April 2020 (i.e. Microsoft MSFT, Alphabet GOOG and Netflix NFLX... as opposed to Apple AAPL, Amazon AMZN and Tesla TSLA).
Sexy Pattern on NFLX falling wedge Sexy Pattern on NFLX falling wedge
Make sure to be there in the right and place :)
Apple : Just for fun ,would you survive this ?Just for fun ,would you mentally and financially survive if this happen ?
Born within a Bubble NFLXBorn during the tech bubble in 01
It makes sense that active users of Netflix would increase during quarantine
Hence I am labelling this a buy
Long term channel intact
