Beat NFLX easily.it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
Nflxshort
$NFLX INC DOUBLE TOP, BEARISH TRENDI think that we need to look after what will happen in general towards the world economy at the moment before to look specifically towards certain company or you know, the whole sub industry.
I got some issues that it might be happening for crisis in 2019. It's quite terrifying but I can't wait to see what happen towards cryptosphere!
At the moment the chart of Netflix is kinda bearish, which is already seen it touched $276. Dead cat bounce and right now at the moment sitting above $300, $309 to be exact.
This one is not gonna hold as I see it'll play around $200ish. My scary scenario it will go to $190 as the nearest strong support and start longing from there.
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Netflix Correction by Price ActionActually i have short position from 420 which is starting point of C in my Bullish Bat Pattern. However, i took my position because of daily price action. As you can see A and C points are closing points of daily candle and it clearly says us to short it.
I will close most of my position at 380 but short position can continue till reach 356.
In a nutshell, i am going to close my positions at 380, 370 and 365.
Macro Netflix correctionsNetflix is great. I love the company, service, etc. It's over-valued.
Several major corrections to Netflix have shown very clear bearish divergences on a monthly chart that can aid one when trading on a macro scale. There is no current divergence on this scale -- and while I actually think we could see further correction here, the better "tell" would be for Netflix to continue to rise in price over the coming months while monthly RSI cools -- to offer us a divergent setup that could be quite fruitful. I'll be watching.
Also, a bullish divergence on this scale could help us ride Netflix's next great wave, whenever that may be.