Mar. 21 at 9:57 AM
$NFLX Everyone asking: "Are you buying the dip?"
No. Not yet.
👉If this is helpful to you, tap @NasdaqKnight
We just hit the 0.382 fib at ~
$895. That's ONE level. I want the 0.618 fib or the 50DMA before I add.
Why? Because dips can dip deeper. Been there. Done that. Got the t-shirt.
The setup I'm waiting for:
0.618 fib: ~
$1,000 pre-split /
$860–870 post-split
50DMA: currently ~
$862 and climbing
Confluence zone:
$860–870 = 50DMA + psychological support
Until we test that zone with conviction? I'm sitting on my hands.
The reality check: NFLX ran 30% in two weeks from
$75 to
$100. A pullback to 0.618 fib is NORMAL. It's HEALTHY. It's what disciplined buyers wait for.
I already have a starter position. I'm not chasing green candles. I'm waiting for the setup that gives me edge.
You want to buy here at 0.382? Go ahead. I'll watch from the sidelines and add at 0.618.
Patience > FOMO.
Positions: Long NFLX (starter). Cash ready for
$860–870 zone.
