FANG - DE-FANGED
NASDAQ:NFLX initiating a STRONG SELL.
Cycle Wave 1 Complete.
Cycle Wave 2 underway...
Cycle Wave 1:
Wave 3 + Wave 5 Extensions:
Target: $112 - $70
For more Analysis regarding FANG visit the related idea (QQQ-The Great Fall).
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.
We are in Primary Wave 3 of Cycle Wave 3...
Cycle Wave 3 Extension looks inevitable according to the sub-waves...
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...
I have concluded Netflix is in a Ending Diagonal Triangle...
Bought @ $5.30
Sell order @ $10.60
Lower your average price.
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