Okay ill be honest there are several ways that this could play out so ill give a brief summary of all possibilities:
1) Daily rising wedge(Blue Line) along with a daily gap to fill (white box)
2)Mid Size rising wedge (White Line is the bottom)
Most important ones to watch short term is the gap fill on the daily and if break below bot the big and ,id size rising wedges will move further down to hit the demands(green lines) Frankly I would wait for more confirmations before entering a play on NFLX a month out puts would suffice or leaps.
1) Daily rising wedge(Blue Line) along with a daily gap to fill (white box)
2)Mid Size rising wedge (White Line is the bottom)
Most important ones to watch short term is the gap fill on the daily and if break below bot the big and ,id size rising wedges will move further down to hit the demands(green lines) Frankly I would wait for more confirmations before entering a play on NFLX a month out puts would suffice or leaps.
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