Screenshot from Yahoo Finance Time Frame 1D Netflix Inc
Graph Analysis
How you can see there are 2 lines. Green line is resistance line and Red line is support line.
Short position
I would recommend go into short positioning if price go through red line. But be aware of fake puncture.
Long position
I would recommend go into long positioing if price go through green line. But be aware of fake puncture.
Summary
Now I'm going to tell you when i should close the trade! 1. If you are happy with profit 2. If there is another support or resistance line. Better wait few bars before you make trade because there could be fake puncture but how I'm looking on graph i would better go into short possitioning but that's just my opinion!And why I'm thinking that because price bounce off 2 times from resistance line! But you are the one who is chsosing !
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspirate from me !! But if you lose money i will not give you money back and noone will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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