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Netflix Predictions for October 2023 (Paid Version/Best Trades)

Updated: Oct 6, 2023



  • Month’s Theme: Notably bearish and a support level visited that was recently visited. There’s also a notable peak.


  • Behavior Around the High: A U-shaped dip that forms near the intersection of two perpendicular diagonal trend lines.


  • Behavior Around the Low: Notable price swings.


  • Exclusive Trade Opportunities for Subscribers:

    • An opportunity to cash out of a long position on the cusp of the 2nd/3rd.

    • An opportunity to open a short position on the 4th. I would close that within a decline on the 5th.

    • An opportunity to open a long position on the 17th. You could close that on the 20th after moving through resistance.

    • An opportunity to open a long position on the 18th/19th to close in November.



Overview


On the 2nd, there’s a notable move to the upside at the end of the day. There’s a highest high for the month on the cusp of the 2nd/3rd. I’m advised not to chase the rally at the end of the day on the 3rd. On the 4th, we’ll fail to break through resistance and then turn around and decline through key support. On the 5th, there’s a significant move to the downside early in the day. On the 6th, we’ll decline to and through support, bounce along for a bit, and then continue to decline.


On the 9th, there’s a big move to the upside. On the 10th, there’s a notable decline. We’ll break through an important price level momentarily on the cusp of the 10th/11th. There’s a period of volatility on the 11th that ends with a fast, sudden move higher. That rally ends and there’s an important trough on the 12th. On the 13th, we’ll attempt to establish support.


On the 16th/17th, there’s a lot of price change and a resistance level highlighted. There’s a rally early in the day on the 16th. We’ll decline notably into the 17th. On the 18th, there’s an important support level highlighted and a notable move to the upside early in the day. On the 19th, there’s an important trough highlighted. A new local high forms on the 20th and we’ll move back down shortly thereafter. That may be another lowest low. We’ll also have some price swings around this time.


There’s a sideways S-formation that forms on the 24th. There’s a prominent peak as well. We’ll end to the downside. On the 25th, there’s a big move to the upside. We’ll meet key resistance on the 26th and then decline through multiple support levels. On the 27th, there’s a failed attempt to break through key resistance followed by a decline through key support.


On the 30th, there’s a trough that’s followed by another important resistance level on the 31st.






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