This is a setup idea for a short at 476.
There's a lot of swing in this one. As always, look at the larger time frame. We're triple-topping on the monthly (and that can be seen on this chart, too). Price is up from around $90 two years ago — is NFLX is really worth five times what it was February 2013?
The upper level is 476. If it gets to that level, go short. There isn't much more on the upside from there.
The prices of the tops of the lower level gaps are (approximately)
401
201
140
There's a lot of swing in this one. As always, look at the larger time frame. We're triple-topping on the monthly (and that can be seen on this chart, too). Price is up from around $90 two years ago — is NFLX is really worth five times what it was February 2013?
The upper level is 476. If it gets to that level, go short. There isn't much more on the upside from there.
The prices of the tops of the lower level gaps are (approximately)
401
201
140
