NFLX has chopped sideways for 6 weeks
$Netflix(NFLX)$ has chopped sideways for 6 weeks since this post.
Perfect example of why the weekly BX matters. No major selloff, but it clearly signaled the breakout was done.
In a bullish market, a red BX = “exit and wait for the next reload.” No point in tying up capital in something that isn’t breaking out.
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