Bull Scenario
NFLX triggers Bull to Mark Up into our Bull Targets
NFLX finds support at our Bear Trigger to Mark Up into our Bull Trigger
Bear Scenario
NFLX triggers Bear into our Bear Targets
NFLX finds Resistance at our Bull Trigger and Marks Down into our Bear Targets
Neutral
Price action stays within our Trigger levels (inventory rebalance)
Side Note
Each level has potential to reverse not all targets may be met.
NFLX triggers Bull to Mark Up into our Bull Targets
NFLX finds support at our Bear Trigger to Mark Up into our Bull Trigger
Bear Scenario
NFLX triggers Bear into our Bear Targets
NFLX finds Resistance at our Bull Trigger and Marks Down into our Bear Targets
Neutral
Price action stays within our Trigger levels (inventory rebalance)
Side Note
Each level has potential to reverse not all targets may be met.
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