How the Elliott Wave works on NETFLIX (NFLX)

Back in June, we wanted to prove to our members how the Elliott Wave Theory, when used correctly, can help traders narrow down the probabilities of price movements for any financial asset, allowing them to foresee what other traders can't. As an example, we applied the theory to the NETFLIX (NASDAQ:NFLX) chart to show our members how its price would likely behave over the time period of several weeks. That was almost a month ago so let us find out how things have progressed so far.

Check out the comparison charts below:

Today's chart:

First posted 3 weeks ago:

Using the theory, we were able to precisely predict the price milestones that the NFLX market would take to reach its new all-time high of $500. The theory does not always work but when it does, it can be very precise. If you are interested in learning the theory, we would recommend you start by reading this book entitled "The Wave Principle" by Ralph Nelson Elliott . Please share and like this post if you find it useful.


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