NFLX
$AAPL / APPLE going down after bouncing off from upper channelApple has been trading in a nice looking price channel for a while now. Every time it hits the upper channel line, it gets smacked down.
$SPY / S&P 500 LONG TERM RESISTANCE WORKED AGAINIt worked again. S&P 500 has not been able to break out from this resistance level since GFC.
NFLX LONG Bullish trend of Netflix, started in April 2020, seems to continue after the breakout of the channel formed in the last months. RSI shows us that is not overbought or oversold and ADX is above 40 indicating a very strong trend. Entry price would be close to previous support formed after breakout. Moreover, support coincides with 50 % Fibonacci suggesting a probably inversion of retracement formed in these days.
BUY ENTRY: $ 566.84
TAKE PROFIT: $ 614.21
TAKE PROFIT 2: $ 668.84
STOP LOSS $ 539.91
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NOT FINANCIAL ADVICE
NETFLIX Can Fall : Pattern CompletedTraders, Netflix made a great run and never gave a a chance to short beyond our sell level. (See the attached previous analysis idea). Now Netflix has gone out of the range to
1. Collect stop losses hence create a bull trap
2. Complete a W pattern
3. Touch 600 psychological level which was missed last time
This not has a potential to fall to target below (white horizontal lines)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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The setup on NFLX is 100% ready. Full Explanation.In a previous post, we explained that we were waiting for a retest to develop setups after the breakout of the current range. You can check all the processes on related ideas.
Now the situation is ready. How will we proceed from here?
The setup execution is pretty straightforward; we will open bullish setups on a new ATH and define our stop loss below the current correction. We don't know yet how deep the correction will be, but we will keep moving the stop loss until we think this is no longer a correction but an evident bearish impulse.
The target we will be using at the moment is the Fibo Extensions of the whole range that was broken. Final Target: 772
The Risk rewards ratio we can expect on a setup like this is about 2 (however most of the cases in the past, the price goes far beyond that)
It's important to say that this setup after the breakout of a range on an ATH we have tested since the beginning of the NFLX chart, and our conclusions showed us that is a profitable pattern to trade. Why are we saying this? Because we have seen that sometimes the price executes the order, then goes directly to the stop loss, and the next movement is the beginning of the impulse. Based on that, we are willing to trade the same situation two consecutive times if the first pattern fails.
We will be risking 1.5% of our capital on this setup. The expected duration of the movement can go between 150 days to 250 days. (Patience patience, my friend)
Thanks for reading! Please share your thoughts or idea in the comments relative to NFLX.
#NFLX | WEEKLY WATCHLIST 9/20Still some correcting to do before I want to buy in. Looking for a local top wave b to conclude and put in a wave c which should be buyable. Ideal buy will be around the $560 region. Will be on the sidelines until we test that region but worth keeping on watch.
Goodluck!
Netflix with upside 12%Good entry point for a breakout of the level after a long consolidation. Take 1 - 595 $, take 2 - 625 $.
NFlX short opportunity on daily#nflx we see it trading at 2.5 standard deviations from the quarterly vwap on the daily, with the most overbought it has ever been on the daily, furthermore it has formed a double top at all time high and bounced off from it. This breakout attempt did not follow up with the volume needed to be seen to move forward and shows candle exhaustion. Fair price is 530s. May try to fake out back over but not likely to hold. Not financial advice.
Trading Plan after the breakout on NETFLIXToday we will speak about NETFLIX. These are the main elements we can see on the chart:
a) The price has been inside a consolidation of around 420 days. Now we have observed the breakout
b) Based on that, we want to see a 7 days correction (at least), and if that happens, we will set pending orders on the new ATH and stop loss below the correction
c) The expected duration of this setup is between 150 and 200 days.
d) The risk we will take here is 1% of our capital on the stop loss.
e) We have seen in the past scenarios like these ones where we have an execution followed by a stop. If that's the case, we know we will set new orders in that case. In other words, we are planing a 2nd execution in case of failure in the first one.
Thanks for reading!
Linear or Non Linear methods that is the questions..!In a trading world where you compete against algorithms, the wise trader must update their knowledge to what computers (algorithms) use..!
I am confident computers do not use linear models, the question is how you can translate what you know into algorithms language!
The key to success is Mathematics..!
Netflix stock analysis. What to expect.Today I analyze NASDAQ:NFLX stock price movements.
Here I use my box strategy combined with Fib retracement.
NASDAQ:NFLX stock price is in a long-term rising trend channel.
However, it has been kept in a 465-575 range since June last year, hence the box formation.
There was an unseccessfull box breakout attempt in January 2021 where the price reversed to a long-term support level.
Shorter-term Fib retracement was drawn from the low on May 2021 bounce and up to this day.
Pivot points:
0.786 level acted as a solid support.
0.382 showed a proper resistence level.
0.236 level which matches supply level of the box at 575 was viciously broken.
Now I believe the price is overextended.
I expect it to return to the 0.236 level at the very least.
If overall market situation is stable when that happens, I believe the stock will continue to grow higher.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
NFLXTrade Idea: 9/10 600C over 593
NFLX over 600 can cause a big breakout.
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NFLX weekly daily count Elliott wave in 1sOn weekly chart NFLX entered wave 5 as we can see. Target for wave 5 is 620 and 700 area. Let breakdown to daily chart
On daily chart price action look so bullish, look like we have a small degree maybe we will have some small correction than we can expecting continue trend
$AAPL $NFLX $HOOD $COIN I OptionsSwing WatchlistHOOD 2H I Has an average price target of $55. Watching for a bounce between $41-$43. With $40 being an optimal entry to go long in this fintech name.
COIN 4H I We traded COIN breakout above $275 last Friday. Unsual activity is betting on $280-$290 for 09/10. Watching COIN above $280 as BTC shows strength.
AAPL 1D I Just as expected, AAPL broke above $150 and our resistance near $152 last week. I would love to see a slight pullback before a continuation to $156 and $160!
NFLX 1D I The NFLX calls we highlighted last week on this watchlist gave 400%+ in returns! $590 is a key level to hold and it could see $600 and $610 next.
NFLX at Key psychological levelAs others may also concur, the markets are over extending gains and are due for a small correction. The s&p, nas are both showing divergences and are very far from the 50 period moving averages. Our other market indicators such as the VIX are responding well the support levels within their respective historical ranges. Taking a look at the dollar index we also find that we finished off the week at the bottom trend line of a daily bull flag pattern. I’m watching for a correction in the market and if this manifests I believe NFLX may reject the 600 level and drive itself back toward another physiological level such as 550 and maybe as far down as 500. Watch for multiple rejections and use confirmation such as bearish engulfing patterns for entries.
NFLX- Breakout
Hello,
I've been waiting for a NFLX breakout since we first entered the range in JULY 2020.
This week NFLX has made an all new high and looks to be closing above on the weekly above the range for the first time. If we can see a pullback to $560 and it is used as a support, I believe this will be an incredible buying opportunity.
Hopefully this will be during September.
NFLX: Upward range breakout.The range resistance level could be broken upwards with the minimum target level around 720.
NASDAQ100 cycle and Fake sense of wealth is now on borrowed timeNASDAQ100 cycle and Fake sense of wealth is now on borrowed time
