Netflix - Finally approaching support!

🎥Netlix (NFLX) will soon reverse higher:

🔎Analysis summary:

The recent -40% correction on Netflix was totally expected. But slowly, Netflix is approaching a major confluence of support at the previous all time high. If we see a final -15% drop, Netflix can then reverse towards the upside and head for new all time highs.

📝Levels to watch:

$65

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

交易开始

🎥Netlix (NFLX) is soo close to support:

🔎Analysis summary:

Despite the recent -45% drop on Netflix, this stock is still not retesting support yet. Just looking at the higher timeframe structure, it is quite likely that Netflix will drop another -15% first. But then, this will offer a significant swingtrading opportunity.

📝Levels to watch:

$65

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

交易结束：到达目标

🎥Netlix (NFLX) will reverse quite soon:

🔎Analysis summary:

With another -7% drop during February so far, Netflix is literally almost touching the massive support. And while I am still hoping for a clear retest, Netflix could start to reverse in the near future. And such a reversal will always start with bullish confirmation.

📝Levels to watch:

$65

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

TheTraderPhil

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TheTraderPhil

#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD