Since we already had a ABC downtrending. We got our corrective wave up hitting near the 0.618-0.65 extension. (350-355)
I expected that we would encounter some sort of resistance there as corrective waves usually end there.
By doing a simple RSI 4H analysis, we can see that we have a bearish resistance at the top of the RSI, which suggest we should expect a downward movement. We should see the RSI hitting the bullish divergence, marked as a blue line.
We can also see that MACD has been losing volume over time, and that the first candle started appearing for a bearish outcome.
I expect that we should see a 162 USD Netflix price very soon.
I expected that we would encounter some sort of resistance there as corrective waves usually end there.
By doing a simple RSI 4H analysis, we can see that we have a bearish resistance at the top of the RSI, which suggest we should expect a downward movement. We should see the RSI hitting the bullish divergence, marked as a blue line.
We can also see that MACD has been losing volume over time, and that the first candle started appearing for a bearish outcome.
I expect that we should see a 162 USD Netflix price very soon.
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and down we go
