Netflix is in the uptrend and currently, price has been pushed to the upside, after touching the ascending trend line and also the first support zone (S1).
On the other hand, the last 4H candle has been closed a little lower, below the trend line.
We still don’t know if this is a fake breakout or not… we should wait for the current 4H candle to see if it will be closed below the last candle and also below S1 or it will be closed above them.
If price closes a bearish candle below S1, we can expect more downside move and retrace around the second support zone (S2) which is around $615.
If price could close a bullish candle above S1, we can expect a rise towards the last high which is $690, and in the case of an upside breakout on that level, the next target would be $740
On the other hand, the last 4H candle has been closed a little lower, below the trend line.
We still don’t know if this is a fake breakout or not… we should wait for the current 4H candle to see if it will be closed below the last candle and also below S1 or it will be closed above them.
If price closes a bearish candle below S1, we can expect more downside move and retrace around the second support zone (S2) which is around $615.
If price could close a bullish candle above S1, we can expect a rise towards the last high which is $690, and in the case of an upside breakout on that level, the next target would be $740
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.