NFLX is the Next To Go

Aug 18, 2023

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

Aug 24, 2023

Note

Keep an eye out for the CRACK!

Sep 5, 2023

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Still waiting for the break. One more up

Sep 14, 2023

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Magic!

We got one more up and now CRACK!

Sep 15, 2023

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CRACK!!

Sep 18, 2023

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New low made

Sep 20, 2023

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Like Magic NFLX continues to fall as I have warned it would.

MAGIC!

Oct 12, 2023

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NFLX continues to push lower as expected.

This is the type of high-probability success story you want in your investment career. Unbiased, unemotional, straightforward, simple, repeatable, set it and forget big moves.

Oct 19, 2023

Note

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.