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.
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We may be heading towards a double-top. All attention to Q3 earning now!