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12-23-19 THE BEST SHORT ($NFLX VIDEO)

In the video below (As trade was entered, Arrow at entry), I describe why NFLX offered a high probability short opportunity near the open (Sell @334.06) from a Price Flow price action standpoint. We know NFLX is in a strong uptrend (up 8 days in a row) so a pause/pullback is expected. Today was the first day from a price action standpoint to play a pullback with high probability from a day trade standpoint.

Price continued lower to stated first target to scale out at intraday lows (332.60) and set up a no risk trade, and the followed through lower to the bigger picture target 330-331 area (white line) for further $$ gain opportunities.

With a strong uptrend in place, you expect buying to come in lower at lower prices on the first push down, so from a context standpoint this was a high probability day trade short looking to take gains at support. 

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