NETFLIX (NFLX) — Distribution nears completion?

NETFLIX (NFLX) had a climatic run up in July 2020 created a buying climax [1] high near 575 with spike of the supply followed by an automatic reaction, which sets the support level at 467. The increasing of the supply from the buying climax high to the down swing formed by the automatic reaction stopped the up move and a trading range was formed.

NETFLIX (NFLX)— Distribution nears completion
Photo by Author — Ming Jong Tey

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Ming Jong Tey

Ming Jong Tey

1.97K Followers

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/