Best way to trade Netflix is to wait. 1. Wait for it to break $387 to buy 2. wait for around $341 to sell.
Elliott Wave view on Netflix (NFLX) shows an impulsive structure from May 2 peak ($386.26) . The move lower from May 2 ended wave 1 at $342.5. Internal of wave 1 subdivided as a 5 waves where wave ((i)) ended at $377.25 and wave ((ii)) ended at $385.16. Down from there, wave ((iii)) ended at $352.75, wave ((iv)) ended at $365.26, and wave ((v)) of 1 ended at...
Volume is getting lower and lower. 5 waves within the C is finished and we have a 1:1 extension of A-B. That means we are nearing us a end of the little long run we had. My target for this mini short is 310 Keeping a SL at 358,5 would be the best, as there is a slight chance of a 1.272 extension. After that we should see a drop to the above target.
In this chart we are looking at Netflix on the daily timeframe, you can see that although price is in a downtrend it is also coming down and testing some very strong support, the price has tested and bounced off this support before ( purple circles ) Price is also nearly at the tip of a wedge formation, a breakout of this wedge in a bullish way will see price...
Hello Traders, NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended red wave “IV” pullback. Up from there, red wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $376.81 high ended blue wave (1). The internals of that rally unfolded in 5...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron