You probably know what I'm looking for in NFLX, I posted it very clearly over the weekend, the reversal process is near flawless, but as I often say, "The last thing we typically see before a reversal is a head fake move".
In NFLX's case, it would be like a chimney sticking up out of that rounding top.
The move below the triangle that NFLX should break out of on that head fake move looks like a Crazy Ivan so NFLX should make the move we are looking for VERY soon.
First small shakeout below the triangle TA retail was looking for a breakout to the upside.
3C 1 min is positive at that move, this should fuel the upside breakout/head fake move that was mentioned over the weekend.
I'd set alerts if you are interested.
Futures Update BR-EXIT Edition
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So the conventional wisdom couldn't have been more wrong. Those chasing
risk and closing hedges couldn't be in a worse place right now. I would
still remin...
8 years ago
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