Netflix about to post their earnings the 17th of April.
To see them at the 20R final barrier on the 16th is.. well, we can´t claim it means hefty drop is coming after earnings.
But we can say that it´s not uncommon that once we see price making it to the 20R on the 1hr timeframe. It often resovles… less positive… if we´re humble.
And Netflix didn´t dissapoint in that sense at least.
Using the 1hr timeframe. No changing of parameters. Automatically fired and automatically sized as the structure isn´t a fixed metric like percentages.
Conclusion?
NI225 doesn´t like the final 20R barrier on the 1hr timeframe. And neither does NFLX apparently…
