NFLX analysis with ichimoku cloud strategy. Second bull flag formation possibly forming with current price action in a channel. Cloud opening up green on weekly timeframe and staying green on daily. May see tenken sen and kijun sen cross again before breakout of second bull flag formation. Latest doji candle denoting bull pressure. Will look for declining volume as channel continues until breakout from wedge and new flag formation. No entry until bull volume increases with breakout from wedge. Caution if volume increases and channel remains without breakout.
Support and resistance lines drawn.
Timeframe colors
Pink: Weekly
Blue: Daily
White: Monthly
Yellow: 4 Hr
Support and resistance lines drawn.
Timeframe colors
Pink: Weekly
Blue: Daily
White: Monthly
Yellow: 4 Hr