Hubert Senters here.

Let’s take a look at Netflix. It’s got a potential slingshot. Now, it’s not a perfect slingshot but it is close enough in order for us to potentially take a trade here.

The rules for a slingshot trades are you want it to be number one above everything that matters.

Number two you want to pullback below the turning line which is this yellow line. And then number three you want it to approach in either slightly above the purple line or actually touch it or slightly below it.

And then you want it to bounce up and close back above the turning line which is that yellow line.

That is where you enter right here at this area of the yellow line. I’ll zoom in here in a minute.

And then from here after we got our entry. Let’s see where our entry would be. So it would be today at $588 or you’ll wait until it closes. It’s up to you.

And then you’re just going to use a magical little piece of math called a Fibonacci.

You’re going to go one, two, three. And then your target is going to be $610, $636 and $676.

And then if it really runs like crazy it could potentially go to $719 or $745.

Trade Thirsty is having a Toast To Traders. We’ve got four different professional traders. They’re going to be speaking to you on several different subjects.

It’s happening September 25th at 9AM in the morning and ends about 1PM. These are your speakers. You’ve got Dan, Mark, Serge and Silas.

There’s their headlines, their subject matter and their bullet points. Just pick whichever one you’d like to go see.

I’m going to HYPERLINK you to the registration page. All you have to do is hit this orange button and then register for the webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.