Possibly we are consolidating again within an "Ascending Triangle" ~ still quite a few days yet before confirmation.
Only day traders likely to play this so remaining neutral until larger resistance broken i.e. one one the larger trendline diagonals coming in $11500 & $9500.
Cleaned the pitchforks up for you connoisseurs of chart artwork lol.
So the triangle has the potential as always to break either way with obvious support and resistance shown as green and red lines respectively! I favour we are making wave 2 of higher wave (v) in a downward direction at the moment but if it breaks $10760 or thereabouts then we could be in wave 3 up?
NETFLIX continues to make new lows, this may suggest a continuation to trend support before turning around.
If you can trade forex, why not try out stocks, it's a bit of fun especially Netflix is an "AMERICAN COMPANY" ;)
The core business of Netflix is favorable, but the current price is gravely overvalued. Although the level of debt is mild, last year´s...
GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an...
The (X),(W) levels are probably a good indication of above bullish and bearish respectively!
The respective targets for the ongoing formation of a symmetrical triangle being estimated as the break as yet not known.