Short netflix NFLX is over bought and borke the bullish trend line for now it's in a trading range but expected to fall in the next few days
Nflxshort
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
NFLX:Massive move incoming?Last idea didnt go as planned lol, so lets give it another go.Netflix on longer timeframes looks very very bearish,with descending triangle,indicators screaming downside and election fears,im expecting it to go to 430-400 in a month-months and a half. Very risky play,basing this purely on indicators and elections.Let me know your thoughts on this one,as always happy trading and stay green!
Bear View on Netflix with Sell Zone and TargetsWhat i think will happen on the bearish view for Netflix
Evening Star and Bearish Engulfing $NFLXTwo bearish patterns appearing for $NFLX last week. The weekly shooting star should have this name challenging 426 next week.
Possible Netflix ShortIn this particular setup for some reason I see Netflix falling for a little. The possible short setup is forming.
Netflix Compression. (NFLX)🤔 Two patterns taking place as we hit major level of Resistance.
Bull Pennant or Inverse Head And Shoulders.
Price is being compresses in the green pennant formation.
Safest bet is to play the pennant breakouts to the up or the down / avoid the noise for now.
Once the break happens, next you will look to play those positions towards the green horizontal support and Resistance levels to test for trend continuation.
Cheers! 🍺
🥇MLT | MAJOR LEAGUE TRADER
NFLX Bearish Head + Shoulders + Potential Bearish Bat PatternPOTENTIAL bearish Head and Shoulders forming, as well as confluence with rejection off 1.618 fib extension + Bearish bat pattern. If the break of (B) confirms the star alignment, looking to enter short into the red zone, add on a reversal pattern confirmation, then add again on the trend line crack looking towards .318 and .682 retracement (green) for profit targets.
NFLX: ANALYSE, ORDER: BUYafter all i notice on the chart high probability to the trend go up to test the resistance line 1
ANALYSE: NFLXafter rupture the strong resistance line
go up to test resistance line 1
go down to test the support line
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the probability to trend go up to test the resistance line 1
ORDER: BUYThis STRONG SUPPORT ZONE was a breakthrough on the 14th of April, towards the top, and it was retested on the 29th of April. The trend did not breakthrough it towards it, but it made a strong ascending to the top. This indicates that it is a strong area and a high probability that it will be the beginning of a corrective movement towards the top.
ANALYSE: NFLXWe notice that since May 19th there has been a gradual depression of the curve
There is a high probability that it will climb to touch and test the curved resistance line and descend to the support line 1
After that, there are two possibilities that either it completes the descending and breaches the support line 1 to reach the support line 2 or does the cumulation and returns to the curved resistance line test
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.
$NFLX (short)Everything on the chart.
In my previous idea we got a stop. But now the picture is more understandable, most likely we have formed a double top pattern, + from the bottom we have gap.
open pos: market
target: ~383
stop: 446$
Risk 1 to 6
Hello everyone, almost year ago i have lost my deposit(almost 8btc and i'm still broke w/o deposit and job,I can’t do my favorite thing.) and now i'm trying to get back to the market. If i help you to earn some money i will RLY VERYVERY THANKFULL for your donate(PM to me). Also open to your suggestions.
$NFLX Ez SHORTEverything on the chart. Two scenarios but both short. After a local rebound, the fall will continue.
(yellow Scenario) If this a local correction our target area ~396$.
(red scenario) if this impulse our targets will lower on 383 and 372$. I would fix at least 50% of our profit when we come to the area 396$.
stop: 433$
Good luck guys.
Hello everyone, almost year ago i have lost my deposit(almost 8btc and i'm still broke w/o deposit and job,I can’t do my favorite thing.) and now i'm trying to get back to the market. If i help you to earn some money i will RLY VERYVERY THANKFULL for your donate. Also open to your suggestions.
