Short Term Setup For NETFLIX – Inverted Head & Shoulders
Hi Traders,
Looking at Netflix in the 1-hour time frame.
I see an inverted head & shoulders setup.
There is divergence on the MACD Histogram as well as the MA lines and currently, the price is making its way above the neck zone.
We have some nice bullish volume to accompany this break and close above the neck zone.
If we see a calm retrace down to the neck zone, I will consider taking a long position with my targets being previous structure that has not yet been tested.
Have a good Trading Monday,
The Vortex Trader
Looking at Netflix in the 1-hour time frame.
I see an inverted head & shoulders setup.
There is divergence on the MACD Histogram as well as the MA lines and currently, the price is making its way above the neck zone.
We have some nice bullish volume to accompany this break and close above the neck zone.
If we see a calm retrace down to the neck zone, I will consider taking a long position with my targets being previous structure that has not yet been tested.
Have a good Trading Monday,
The Vortex Trader