captain_smollett
Short

Netflix. Confirmed short

NASDAQ:NFLX   NETFLIX INC
121 1 8
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.
Comment: We may be heading towards a double-top. All attention to Q3 earning now!
Trade closed: stop reached: Incorrect Wave count
http://www.reuters.com/article/us-netflix-results-idUSKCN0ZY2H4
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