Shorting Netflix. NFLX

This company has not been getting a lot of good press lately with its film adaptations of historical events and figures. We remain separate from political discussions on this channel, as all we care about is the technical picture of this particular stock at this particular moment.

Divergence detected, clearing an extended, upgoing flat, leaving room for a drop of one size or another.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Elliott WaveFibonaccinetflixNFLXOscillators

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