NFLX (Netflix Inc.) on the 1-hour chart (NASDAQ)

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NFLX (Netflix Inc.) on the 1-hour chart (NASDAQ) using price action, trendlines, and Ichimoku Cloud.

Observations:

There's a strong uptrend with higher highs and higher lows.

Price recently pulled back and is currently testing the Ichimoku cloud support, possibly forming a bullish continuation pattern.

A trendline from June is acting as dynamic support.

I have a yellow resistance zone drawn at the top, signaling the next potential bullish target.



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🎯 Target (Short-Term):

Primary Target Zone: $1,335 – $1,340
(This is the previous swing high and resistance area you've marked.)

Secondary Target (if breakout succeeds): $1,350+



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🛑 Suggested Stop Loss:

Below $1,270, or below the trendline/Ichimoku cloud for safer risk management.



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📝 Summary:

Bias: Bullish continuation.

Buy zone: Near current price (~$1,290–$1,295) or on confirmation candle.

Target: $1,335–$1,340

Invalidation: Break and close below $1,270 trendline.


Let me know if you'd like a breakdown for a swing or intraday trade.

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