In the aftermath of Netflix's Earnings Call, witness a remarkable 7% surge in after-hours trading! The intricate chart unfolds the completion of the initial cycle in July 2020, marked by an expanded Flat and Wave II concluding around $165. Embarking on a new Wave (1), the chart showcases an engaging 5-wave structure to the upside.
Upon our analysis, the low of Wave 4 hints at an impulsive rise for Wave ((iii)), targeting a range between 227% and 361%. Anticipating stabilization around $575, the narrative continues with the formation of Wave ((iv)), paving the way for the final ascent of Wave 5. This strategic sequence defines the overarching Wave (1), setting the stage for a robust sell-off in Wave (2) before the next surge of streaming momentum. 🚀🎥
I have a question...so do you think that it will reach wave five first or do you think it will hit 575 and then consolidate. I am not fully understanding your diagram. Please and thanks
stromm_by_wmc
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@thuyvu33, sorry for the missing clearification! I expect a wave ((iii)) now, then the wave ((iv)) and then finally the wave 5. But I don't know yet what would be possible for the wave 5 Greetings
allansmw520
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Can’t say that I fully understand all of that but it was interesting and the chart is great. Very nicely done
fantasyste
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@Stromm the first correction to which price after 559?
treytoyota83
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I liked your post because you used the word “robust” in your analysis. Good work