Netflix, for how long is it going to be sideways?
Netflix topped at 386 inside the ideal distribution area and attractor, but the key level at 379 was stronger, pulling the prices down back to the non-trend zone (chart https://thefinancialforecast.com/could-netflix-be-over-valued/ ). The active sequence is being developed inside the dotted lines (ideal distribution for time and speed in the iteration) and looking for the green area or attractor. If a bounce happens here the probabilities of a bullish sequence of higher degree increase, with the final confirmation of the upper key level at 375, opening the 1st attractor at 401 – 427. If the price continues moving downward and breaks the ideal distribution, the probability of a test to the lower key level at 267 grows, winning the battle the bears for ruling the arena with the break of it, opening the next low to 224 – 150.Back to Blog