NFLX Megaphone + Ascending Wedge
I've been watching NFLX closely lately and it has some bearish breaks, but so far has been able to recover without much damage and it's back near ATH. It has a huge megaphone pattern that was broken to the downside, not as relevant anymore, but it does show some potential volatility. Now we have an ascending wedge that is near the breaking point. Could be a steep cliff to fall off of.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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