NETFLIX - We can observe a typical example of head and shoulders pattern formation that is looking to conclude right around earnings on the 18th of this month. The pattern suggests that if we see a drop to $280-$290, we can seek a $70-$90 raise in the upcoming week after the earning report relies on the 18th of this month. NETFLIX missed the last earnings with a significant number so it is likely to correct that in the upcoming one.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.