NFLX Predictions for December 2023 (Paid Version/Best Trades)

Kapproveb Alcyone
Oct 31, 2023
3 min read

Updated: Apr 24, 2024

Month’s Theme: An important trade opportunity on a one-year scale.

Behavior Around the High: An attempt to establish support.

Behavior Around the Low: A significant move to the upside out of the low.

Exclusive Trade Opportunities for Subscribers:
- An opportunity to open a partial long position on the 1st.
- An opportunity to open a long position on the 4th and close it on the 5th.
- An opportunity to open a short position on the 5th and close it on the 6th.
- An opportunity to open a short position in the midst of a move higher on the 11th.
- An opportunity to open a short position or the other part of a partial short position. I would close that after a decline on the 14th.
- An opportunity to open a long position on the 18th. I would close that before a decline from a peak or crest on the 22nd.
- An opportunity to open a short position for a day trade on the 22nd.
- An opportunity to open a short position after multiple failed attempts to break through key resistance on the 29th.

Overview

On the 1st, there’s a sideways-fluctuating decline that precedes a rally that offers an opportunity to open up a partial long position. On the 4th, there’s a period of sideways rotation and a sharp drop in the midst of that sideways rotation. That will take us to a lowest low that offers an opportunity to open a long position. I would close that the following day on the 5th after a big move to the upside overnight. I would open a short position toward the end of the day on the 5th and hold it until the 6th. There’s a decline on the 6th. Out of that decline there’s a significant move higher taking us to a peak or crest toward the end of the day on the 7th. We’ll then sell off from that into another prominent trough on the 8th.

On the 11th, there’s a prominent move higher out of a trough midday. There’s an opportunity to open a short position in the midst of that move higher. There’s a significant decline overnight from the 11th into the 12th. On the 12th, there’s a big move to the upside out of a trough. There are three pokes through the same price level and a sharp drop after the third trough on the cusp of the 12th/13th. On the 13th, there’s a rally into key resistance midday that offers another opportunity to open a partial short position. That’s followed by a decline into a trough on the cusp of the 13th/14th. If we come into another crest/highest high on the 14th you could open the other part of the short position. We’ll sell off of that crest down to and through support. I would close the short position after that decline. We’ll then do a U-shaped reversal back up to reuse that price level as support. On the 15th, there’s a rally along a diagonal trend line through horizontal resistance to meet a secondary resistance and then pull back to somewhere between those two price levels.

On the 18th, you could open a partial long position in the midst of a decline in anticipation of a peak in January. There’s a prominent trough or a lowest low on the 19th. That’s followed by a period of volatility and a fast, sudden move higher that ends that period of volatility. There’s a decline into the 20th that ends with a fast, sudden move higher creating an overbought peak or crest on the cusp of the 20th/21st. You could close the long position from the 18th at the peak or crest on the 22nd. We’ll sell down through multiple support levels from that peak or crest on the 22nd to meet a key technical price level. You could also open a short position for a day trade at that peak or crest. We’ll then decline through multiple support levels taking us into a prominent trough where you could close the short position.

There’s likely a gap up the morning of the 26th. That rally ends and we’ll decline into near oversold territory. On the 27th, there’s a significant move higher where we’ll meet a key resistance level. Volume will flatten out on the 28th. On the 29th, we’ll have multiple failed attempts to break through key resistance followed by a decline into the first week of January. There’s an opportunity to open a short position in the midst of those failed attempts to break through resistance.