Netflix chart shows a precious 1-2-3-4-5 Elliot Wave development , directly towards the measured top of 133 USD per share. The correction started by December 2015 and, after today´s Q2 report, it has directly entered into Wave C.
It should bring us to the long-term value of 60 USD per share. Unfortunately, I´m unaware about the schedule of when this can happen and what can happen in-between but nowadays the recomendation is clear: use all possible highs to add short positions.
It should bring us to the long-term value of 60 USD per share. Unfortunately, I´m unaware about the schedule of when this can happen and what can happen in-between but nowadays the recomendation is clear: use all possible highs to add short positions.
Comment:
We may be heading towards a double-top. All attention to Q3 earning now!
Trade closed: stop reached:
Incorrect Wave count
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!