NFLX - TIME TO GO DOWN PART 2
NFLX went higher than I initially expected but hit the 2.414 fib almost perfectly near closing on Feb 5 2019. Wave B is higher than Wave A by price but it only wicks past on 4h which makes it still valid. NFLX has now just started Wave C and we should see the drop commence tomorrow, watch for a potential drop in pre market hours. Our first target for Wave C would be $319.75 which I got from taking the fib extension of Wave A, where Wave C is usually 1:1 that of A. But that would make Wave C end above that of our Wave A which would make our count invalid. This means that Wave C is most likely 1.272 times the length of A which gives us a price target of $308.8 USD for the bottom of C.
Previous Chart:
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Disclaimer: This is my prediction and I am only posting for education purposes only.
Previous Chart:
Join our discord, Green Hawk's Nest: discord.gg/MfTx3Nt
Disclaimer: This is my prediction and I am only posting for education purposes only.
Note
Only going down from here, target $308.80 USD
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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.