NFLX
AMZNI WOULD GO LONG OVER 3100 INTO 3130. OVER 3130 CAN SEE 3150, 3200. IF AMZN FAILS AT 3100 IT CAN DROP BACK DOWN TO 3000.
TRADE IDEA: 3200C 10/3 BID/ASK: 27.00/27.95
TSLATSLA CAN SEE 420, 428, 456 NEXT. IF YOU'RE NOT ALREADY LONG, I WOULD WAIT FOR THE 420 BREAK.
TRADE IDEA: 430C 10/2
NFLX bearish based on elliots wavesDont go long. I will sell short whenenver it bounces to my entry point
Elliott Wave View: Rally in Netflix is Expected to FailElliott Wave view of Netflix (NFLX) suggests the stock is doing a double three correction from September 2 high. Down from September 2 high, wave (W) at 478.84 low. The subdivision unfolded at a zigzag correction, where wave A ended at 485.98 low, wave B ended at 522 high, and wave C ended at 478.84 low. Afterwards, the stock bounced higher in wave (X). The subdivision of the bounce unfolded as an expanded flat correction. Up from wave (W) low, wave A ended at 493.73 high. Wave B dip ended at 471.30 low. The push higher in wave C ended at 504.77 high, which also ended wave (X) in the higher degree.
Since then, the stock has resumed lower and broken below previous wave (W), confirming the next leg lower in wave (Y) has started. Down from wave (X), wave A ended at 463.27 low. The bounce in wave B unfolded as another expanded flat and ended at 492.37 high. Currently, wave C is in progress. Wave ((i)) of C ended at 465 low. The bounce in wave ((ii)) is still unfolding as zigzag correction. While below 504.77 high, expect the bounces in 3, 7, or 11 swing to fail for more downside in the near term. The 100-123.6% extension of wave A-B where C can potentially ends is at 441.36-451.13.
These 3 Big Tech also-rans underperforming NASDAQ since Apr 2020These three Big Tech also-rans a bit limp in performance, underperforming the Nasdaq Composite Index, since April 2020 (i.e. Microsoft MSFT, Alphabet GOOG and Netflix NFLX... as opposed to Apple AAPL, Amazon AMZN and Tesla TSLA).
Sexy Pattern on NFLX falling wedge Sexy Pattern on NFLX falling wedge
Make sure to be there in the right and place :)
Apple : Just for fun ,would you survive this ?Just for fun ,would you mentally and financially survive if this happen ?
Born within a Bubble NFLXBorn during the tech bubble in 01
It makes sense that active users of Netflix would increase during quarantine
Hence I am labelling this a buy
Long term channel intact
NFLX larger degree consolidation NFLX heightened volatility could continue forming a larger degree consolidation pattern before wave 4 is complete and wave 5 rally begins. We may be contained within the highlighted range in wave 4 into Oct before we finally make the terminal rally.
NFLX larger Degree Consolidation NFLX heightened volatility could continue forming a larger degree consolidation pattern before wave 4 is complete and wave 5 rally begins. We may be contained within the highlighted range in wave 4 into Oct before we finally make the terminal rally.
$AAPL Falling Wedge into Inverted H/S First target, neckline, will scale profit and hold for breakout/tighten stops
