Monday, July 22, 2013

NFLX Crazy Ivan Coming

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.

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