Netflix Personal Prediction, Bear Market is Just Beginning

Not going to go into much detail on the chart, but in Elliott Wave terms, i think we are just beginning the Wave C of an ABC, and using some predictive tools i'm looking at NFLX in the $150 range within the next 12 months or so.

I'm just posting for posterity and want to look back at my own chart 12 months from now.

Comment:

So, Netflix and Tencent both went against the downward trend and broke bullish instead. However, my slightly longer term outlook is still down, in my eyes, nothing goes parabolic forever. Considering the run up of Tencent and Netflix and any other parabolic asset, they all go down...