$nflx - we could test $570 this week... and then pullback to 542 area before the next push.
flirting with the pitchfork median for the past few days, making higher lows on declining volume.
today's candle confirmed bullish engulfing on an outside day.
excepting a bullish week if market remains strong.
Volumenode
Bitcoin Ranging Within High Volume Profile NodeAs long as the RSI holds above 45 or so on the 4hr time frame I believe BTC to be in a safe range. We are under consolidation and trading within the range as matched by the volume profile node noticeable in the 10.8-11.4K area. I previously identified a possible bull-flag that could carry us to 15k, this is still very relevant. Watch the lower time frames for direction, as well as RSI. This is not trading advice.
SOGO shooting star short set upHere we have a short set up for SOGO,which has gone up a whomping 75% in the last 2 months on speculation.
Yesterday we had a high volume shooting star, a common reversal pattern, and arguably a 'blow off top'. Today we retraced along the wick of that shooting star, creating a short opportunity for brave traders. I believe win probability is below 50%, but a tight stop can make up for that. Target is 13.01, or as low as volume node at 9.45.
Cheatsheet on shooting stars: i.imgur.com