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LukeSkywalker
Feb 4, 2019 3:51 PM

NFLX HAS NO MORE VOLUME TO CONTINUE UP - 310 TARGET NEXT Short

Netflix, Inc.NASDAQ

Description

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.

Comment

Previous analysis:

Comment

NFLX did climb abit higher than expected. We did get to the 1.272 extension, and this is about to drop.

Comment

Wrong screenshot lol.

NFLX falling according to plan.

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