NFLX has been very strong for over a year now. However, all good things come to an end. We have a Head and Shoulders pattern about to break structure.
Great Risk reward setup
Great Risk reward setup
Catatan
Still waiting for the break. One more upCatatan
New low madeCatatan
Despite the sudden move up, nothing has materially changed in the structure of the chart. This is a garden variety corrective move up after a persistent push lower. The fact it gapped up giving people no time to buy would indicate that there is little incentive to hold to defend the move. In fact, I would argue new buyers up here are more likely to puke it up should it start to fall. (weak hands) We have seen many bull traps play out in this market recently.Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.