 Hey, what's up YouTube? I'm Zeke and welcome to the dream green show today. We're gonna talk about an update on Netflix Okay, guys, so today's gonna be the third week. I'll talk about Netflix. I'm not gonna say I told you so but I Told you so and they got some big news coming out They got it might not matter to y'all but it matter to me But they got got a bunch of black content coming out on Netflix coming up They got sister sister Girlfriends Moisha a bunch of other black sitcoms coming to Netflix this month They got the Jamie Foxx movie the superpower movie coming out this month the umbrella Academy came out this month Last chance you came out Coming out this month So it's like I see a lot of potential for streaming hours watch minutes on Netflix Coming up this month that's gonna bring a lot of attention to that platform for people to sign up to just even do a Free trial or to hold or to re-sign their monthly subscription with Netflix But let's just go ahead and dive into the charts that we drew up last week So you guys don't be confused on anything you could go back and watch the other two videos this To show you how true these charts are and then we're gonna take a look at it on any place that we can make this week But enough talking. Let's go ahead get straight into the video All right, here we are YouTube over on thinkorswim. This is the four hour Hour 180 day chart. I mean every bar on here is For hours worth of trading time in the market and this is over the course of the last 180 days so we zoom in right here, of course That's when Netflix at an all-time high and then the earnings report came out Has some bad news in the earnings report and it dropped all the way back down We drew this up trend line of the very first week that I talked about Netflix that it touched Let me show you guys why juice up trend line So we started here it touched there once two three four and then five times right there and When I drew this line out last week this bar wasn't here And then it touched again for the what six times seven times So we knew that it was still in the option It was just overvalued right there and pulled back to a value where people thought Netflix was a at a good still So it did bounce right here I'll tell you guys that it might not be a good time to get in But if you want to risk it you could if you wanted to Netflix can still fall back to its own resistance line and use it as the support or Continue to use this up trend line as the support in the 180 day simple movie average It's also on line with the up trend line that we drew a long time ago But as I told you guys last week was to look at two time frames. So let's go to the one hour 20-day chart. So right here. I said either Netflix was gonna go up and use this green line as the Resistance line or it was gonna come back down and use this line as the support So as we're looking at this line right here It did come up and used is the 180 day simple moving average as the resistance and I said that I will wait until Netflix breaks above the 100 breaks above and close a buff and then have a confirmation Now I'm gonna tell you guys all of this stuff in future videos, but just follow along right quick breaks above Close above and then wait for confirmation for you guys can have a great buying opportunity On Netflix So it went up it touched never broke above and went up in touch never broken buff It's still using the up trend line that we drew as his support and it's using the one hour 20 day simple moving average lines as it's Resistance so that's that's that's just the play on Netflix this week. Let's do them back out Let's say you did want to get in right now and not wait for confirmation It always do your risk to reward. So let's say you're willing to risk 5% right here 5 to 6% loss Set your stop loss right there if it breaks below if it breaks up below the up trend line That we drew and come back down to the old support if it breaks down below this old support at around minus six Six and a half percent just go ahead take your losses and wait for the next setup But always have your reward outweigh your risk. Okay, so I look for a 12% gain And then take profits. So my rule is to have your Take profit double your your risk. So if I'm willing to lose 6% I'm not going to sell it until I can make 12% and right now that look very reasonable If it doesn't look reasonable, don't take the trade if you want a 3% gain be willing to lose 1.5% All right, so in that manner, that's a simple way to trade just by looking at it in that manner So if you want to get in now and not weigh on any confirmation, make sure that you have a good risk to reward ratio So you that you don't Really feel bad when you lose and you only take one Win to out do two losses. You understand what I'm saying one way to out do two losses because your winter your Your risk to reward ratio outweighs each other. Okay. Alright, so that's the play on Netflix this week Nothing super major just wanted to get out that all the good news that was coming out for Netflix all the the black sitcoms coming in Netflix and the Umbrella Academy and all the other Last chance you and the Jamie Foxx movie coming there for you So that's good news that they got a lot a lot of content coming out some original content With the Umbrella Academy and the original movie with Jamie Foxx And I'm pretty sure they got a lot of other stuff coming out But that's all I read about always do your own research before you take a trade don't take my word for it But I'm gonna say I told you so But other than that you want to keep up with me and Netflix and any other things I trade with make sure that you scroll down To subscribe button hit the thumbs up button so that you guys don't miss out on any future videos other than that I'm Zeke bringing you the dream green show and I'm out. Peace