themarketzone
Short

Will $NFLX complete the AB=CD pattern?

NASDAQ:NFLX   NETFLIX INC
After breaking down the reversal pattern I mentioned previously, $NFLX managed to hold on a daily support zone (mostly due to market's strength). Breaking below 428$ can lead $NFLX to the completion of AB=CD pattern . That will be the first wave in a stronger downward move based on Weekly chart analysis.
Will NFLX             complete this target today?
I believe it will reach it, if not today, than by the end of the week.
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Tomer J,
The Market Zone - You trading Edge
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