The placement of the upper trendline in NFLX seems to indicate either price containment in an upward trending wedge, or Daily price action escaping the wedge. Either way, appears the old Weekly candle is going to be important. Above, looks like there is room. One thing, we were not strongly rejected. I'm leaning bullish, at least back to the earnings Prices. Let's see if we get any help from the Market - which flips the coin as to being exhausted or magnetically headed to $4k.
Commentaire:
Filling gaps, lots of sellers here, trapping them and she could move quick and $550 not likely to hold her down this time. Of course, we could also just be falling out of bed.