What if?? Can NFLX reverse and rise?

2023년 9월 13일

The current secondary downtrend has already shown signs of reversal with the latest correction leg breaking the previous top.

If prices stop at the purple rectangle (33-66% reaction) and break the previous top we will have a confirmed reversal pivot.

With this, the possibility of a new primary uptrend leg arises.

2023년 9월 14일

노트

As prices moved out of the retracement area (purple rectangle), the reversal pivot becomes less likely. Therefore, the idea can be canceled.