$NFLX Pushes Higher but System Still Waiting on Confirmation
$Netflix(NFLX)$ is pushing into the 33 FVB right now
Bull Cycle is NOT confirmed just yet.
Two things need to happen before I start a position.
One. Price continues to push through the 33 FVB.
Two. Monthly BX closes confirming buying pressure.
Both need to confirm by May 1st.
If they do I am in. If not this is just another trap and we stay patient.
My system is always a little late because it waits for the monthly candle to close.
Late is not bad if it means the signal is stronger.
NFLX was showing a clean smart money zone buy last month, but without the Monthly BX increasing, that “buy” can easily be a trap.
Look at the same $NFLX setup in 2022.
You could have bought that zone and then eaten another 50% drawdown.
Or you could have waited for the MBX to turn up. You wouldn’t nail the bottom, but you would have caught a 2‑year, +278% move where there was more than enough money to be made.
My system’s goal is not to time bottoms. It is to ride 6–18 month bull cycles with size and confidence.
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