bertolinitrading

2 previous 10% swing high to lows, next one at $115?

Long
NASDAQ:NFLX   Netflix, Inc.
Long from $115-116 would be a third swing low price area to anticipate. The previous two biggest swings offered earlier this year on the daily chart ended up being reversals on about 10% corrections. If the same happens again it could also be around the green 20 period EMA.

Front running a reversal on oversold market conditions today would be a bounce off of the blue 10 EMA.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.