After forming a 1-2-3-4-5 Motive Wave, NFLX is forming an A-B-C Corrective Wave. Currently, NFLX is in C wave of this Corrective Wave.
C wave retraces 100 percent of A wave of A-B-C Corrective Wave. In this C wave, waves 1 and 2 have formed and wave 3 is under formation.
The spike after recent earnings is a short pull back in wave 3.
C wave retraces 100 percent of A wave of A-B-C Corrective Wave. In this C wave, waves 1 and 2 have formed and wave 3 is under formation.
The spike after recent earnings is a short pull back in wave 3.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.