Netflix Mini Pullback into Long

Aug 21

Netflix can be setting up for a potential ABC correction, into the 1-1 extension on tech sector weakness and potential profit taking.

I am watching this stock for a potential buy zone at the lower end of the target, which would be a nice place for a longer term s/r structural flip for further continuation.

Aug 24

Note

Thinking about the recent events at the Summer of Economic projections, we may actually get a rally for a move in the markets. Im unsure how it would affect netflix, but would move the stop to break even for now and look for better trades.

Sep 9

Note

This is currently looking like it could be an ABC pattern, which is how you would view the middle wave in the broader correction (3 wave structure). So the 1-1 extension target sits just a bit higher up, and perhaps I will look for a better entry if we rally higher

Sep 11

Note

Looking great today

Sep 17

Note

here is the short

Sep 29

Note

Looks like NFLX is somewhat undecided, for now, Im not quite interested in the short as much as I am in the long trade IF we do end up getting the flush

Oct 2

Note

Coming down into the target zone, very clear EW count cant be seen