Will the Falling Wedge hold or fail? Plot your targets on the chart.
Reversal pattern. Price likely to break upwards.
Reversal pattern after a downtrend.
Traders are watching Netflix (NFLX) as price action tightens. Price has moved to $77.38 (0.55%) amidst recent volatility. The primary technical feature is a Double Bottom formation. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $91.48, targeting $106.84 with support near $83.8 (R:R 2.0).
What is your outlook on NFLX?