FibMarketWatch

NFLX-Cycle Wave 2-SHORT-Netflix & Dumped

Short
FibMarketWatch Updated   
NASDAQ:NFLX   Netflix, Inc.
Netflix and Dumped....

FANG - DE-FANGED
NFLX
AAPL
AMZN GOOG

NFLX initiating a STRONG SELL.

Cycle Wave 1 Complete.

Cycle Wave 2 underway...

Cycle Wave 1:

Cycle Corrections:

Fib Spirals:

Wave 3 + Wave 5 Extensions:

Fib Time:

Target: $112 - $70

Will update.

For more Analysis regarding FANG visit the related idea (QQQ-The Great Fall).

-AB

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Added Trend lines to Waves

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Wave Count Down...

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Longest Correction in Cycle Wave 1 was 456 days.
Largest Correction drawdown in Cycle Wave 1 was -82.67%.

Cycle Wave 2 will last at least 456 days and the draw-down will be more than -82.67% according to elliot's rules.
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Fib Time matches up to Elliot's Rules...
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Overview
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Starting to fail...
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I thought it could go to $275...pretty close to where we are trading now...

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S1 of Higher Degree 3rd?
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Wave 3 is extending
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Near-term Target = $208
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We are in Cycle Wave 3...

We are in Primary Wave 3 of Cycle Wave 3...

Cycle Wave 3 Extension looks inevitable according to the sub-waves...
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$205.13 is the Extension Trigger for Cycle Wave 3...
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Netflix is about to fall hard...
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Wave 1 & Wave 3 were normal...
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Netflix chart is very complex...
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It looks like Cycle Wave 3 has formed a Bearish Leading Diagonal...

Or,

Cycle Wave 3 is over and we are finishing Cycle Wave 4...

I believe we that Cycle Wave 3 has not completed yet and has in fact formed a leading diagonal...
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Netflix IS in an ENDING LEADING DIAGONAL!
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After further research into the chart...

I have concluded Netflix is in a Ending Diagonal Triangle...

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Ending Diagonal Triangles - the internal waves are made up of 3-3-3-3-3 sub waves.
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Key Level = 206.73
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Near-term Target = $252 -$206
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Don't Fall for the Head-fake...
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Very ominous chart pattern...
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Great time to add to shorts...
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Added Fib Channel
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Trade active
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8 FEB 19 305 PUT

Bought @ $5.30

Sell order @ $10.60
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Option check: 8 FEB 19 305 PUT Current Price: 2.17
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Add to position here.

Lower your average price.
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Looking for a move in NFLX to the light blue rectangle ($300-$275).
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