Chart of the day: NFLX

Good pattern to commit to memory. Probably not a great idea to initiate positions before earnings, but this is also not the only stock with this pattern right now…



Adam Grimes has over two decades of experience in the industry as a trader, analyst and system developer. The author of a best-selling trading book, he has traded for his own account, for a top prop firm, and spent several years at the New York Mercantile Exchange. He focuses on the intersection of quantitative analysis and discretionary trading, and has a talent for teaching and helping traders find their own way in the market.

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  1. edelweiss

    love your quick post like this. 2 and 3 were exactly where I was wondering. I exited this trade earlier. It was a strange trade for me, the first time I tried to buy when FB/NFLX was pushed down and held patiently for their turn to come. But I was debating where I should exit. So I exited a little before prior high. Too anxious to lock in the profit after a long wait.

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