NFLX - A SHORT TERM RALLY
This was a day trade - with a short-term target based on the Balance of Power and EMA indicators - which are forming a consolidation on the 1HR
chart. NFLX still has some velocity in price move so I determined that its upward move would be validated by the price action - dominate buy lots versus sell lots. Up until the final hour - where pullbacks typically occur I closed my position at a profit.
chart. NFLX still has some velocity in price move so I determined that its upward move would be validated by the price action - dominate buy lots versus sell lots. Up until the final hour - where pullbacks typically occur I closed my position at a profit.
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