Netflix (NFLX) Analysis: Multi-Timeframe PerspectiveA More Detailed analysis on Netflix (NFLX) from a Multi-Timeframe Perspective.
Check out my other analysis for a detailed explanation on this video
Netflix_setup
NFLXPair : NFLX - Netflix
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Resistance Level
NFLXPair : Netflix - NFLX
Description :
RSI - Divergence
Demand Zone
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
Break of Structure
Completed " 12345 " Impulsive Waves
NFLXPair : NFLX - Netflix
Description :
Double Top
Resistance Level
Completed " 12345 " Impulsive Waves
Impulse Corrective
Break of Structure
CHoCH
Netflix NFLX Next MovePair : NFLX ( Netflix )
Description :
Bearish Channel in Long Time Frame as an Corrective Pattern with the Breakout of the Lower Trend Line and Retracement
Break of Structure
RSI - Divergence
Completed " ABC " Corrective Wave
Bearish Channel in STF with the Breakout of the UTL need to wait until it Completed its Retest
Impulse Correction Impulse
NFLXNetflix shares have fallen sharply recently due to bad news about the company's users falling
But that reduction is too much, and I expect it to have at least one retreat towards the $ 333 and $ 478 targets.
MACD and RSI indicators are in the floor area and sellers do not seem to be able to reduce the price and the price in the area is between $ 180 and $ 200.
netflix can go up a littleyou can see where you should buy netflix . just a little long and then sell
NETFLIX HAS LOST OVER 65% IT'S VALUE AND AT FIB73.6In October last year, Netflix's market capitalization was $310bn as of market close the past Friday; it's just over $99bn. Year to date, Netflix shares are down almost 65%.
For context, if you bought $1,000 worth of Netflix shares at the start of 2022, those shares will be worth about $360 today. Netflix is the worst-performing S&P 500 stock to date.
From the technical analysis NETFLIX has retraced (LOST) over 65% of it's all time high and currently STRUGGLING with FIB76.8.
At these point, the questions are
1. What fundamentals is going to turn the table around?
2. What will NETFLIX team and stakeholders do to change the trend?
3. Will NETFLIX ever take back its percentage of the streaming market share?
KINDLY: like, share your thought and FOLLOW.
Netflex Montly view. Here we can see Netflix is regularly LL even in monthly TF its very low.
As we can see In in June 2011 to Dec 2011 Market crash 70 to 80% then its conver now we are expecting the same sitautuion near its 0.786%% retracement level and total fall of 74% we will see Netflix at 1000$ in comming 2 to 5 years.
Netflix Analysis 11.02.2022Hello Traders,
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Netflix Above the WedgeNetflix has broken above a wedge!
Currently sitting on top of a fib line
50MA can be seen to be rising
Looks good from TA perspective, however current market situation and economy is quite poor, with the coronavirus affecting the US.
Netflix is a great brand and has a great social standing
Risky buy
NETFLIX INC (NFLX) WeeklyDates in the future with the highest probability for price direction reversals
NETFLIX reversed from resistance, potential drop!
NETFLIX reversed off its resistance at 320.36 where it could potentially drop further to 281.42.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Elliott Wave View: Further Downside in NetflixShort term Elliott Wave view suggests the rally to $299.5 in Netflix ($NFLX) ended wave 2. From there, the stock resumed lower and ended wave 3 at $252.03. Internal of wave 3 unfolded as a 5 waves impulse Elliott Wave structure. Down from $299.5, wave ((i)) ended at $287.45 and wave ((ii)) bounce ended at $293.81. The stock extends lower and ended wave ((iii)) at $261.89, wave ((iv)) bounce ended at $266.60, and wave ((v)) of 3 ended at $252.03.
Wave 4 bounce i still in progress. Near term, while bounce stays below 299.54 expect Netflix to extend lower. We don’t like buying the stock.
Elliott Wave View: Netflix Structure Looking Further DownsideElliott Wave structure in Netflix shows an incomplete bearish sequence suggesting the stock should continue to see selling pressure. On the chart below, the rally to 316.59 ended wave 2. The stock has extended lower in wave 3 with the internal unfolding as 5 waves impulse Elliott Wave structure. Down from 316.59, wave ((i)) ended at 288 and wave ((ii)) ended at 311.75.
Wave ((i)) subdivided in another impulse structure of lesser degree. Wave (i) ended at 305.68 and wave (ii) ended at 316.43. Stock resumed lower and ended wave (iii) at 292.65, wave (iv) ended at 301.73 and wave (v) of ((i)) completed at 288. The internal of wave ((ii)) correction subdivided as a zigzag. Wave (a) ended at 303.55, wave (b) ended at 295.76, and wave (c) of ((ii)) ended at 311.75.
Wave ((iii)) is currently in progress and the internal subdivides as a 5 waves impulse of lesser degree. Down from 311.75, wave (i) ended at 293.15. Expect wave (ii) bounce to hold below 311.75, and more importantly below 316.59 for further downside. We don’t like buying the stock. As far as pivot at 316.59 high stays intact, the stock should resume lower. The bearish view will get further validation if the stock is able to break below August 15 low (288).
NETFLIX ANALYSISBest way to trade Netflix
is to wait.
1. Wait for it to break $387
to buy
2. wait for around $341 to sell.
Elliott Wave View: Rally in Netflix Expected to FailElliott Wave view on Netflix (NFLX) shows an impulsive structure from May 2 peak ($386.26) . The move lower from May 2 ended wave 1 at $342.5. Internal of wave 1 subdivided as a 5 waves where wave ((i)) ended at $377.25 and wave ((ii)) ended at $385.16. Down from there, wave ((iii)) ended at $352.75, wave ((iv)) ended at $365.26, and wave ((v)) of 1 ended at $341.37.
We can further see from the chart below that wave ((iii)) and wave ((v)) subdivided also as a 5 waves impulse in lesser degree. This illustrates the fractal nature of Elliott Wave Theory. The stock has now ended cycle from May 2 peak. It is correcting that cycle in wave 2 bounce before the decline resumes. Expect the rally to unfold in 3, 7, or 11 swing. As far as pivot at 386.26 high remains intact, the stock should resume lower again.
Potential target for wave 2 is 50% – 61.8% retracement of wave 1 which comes at $364.3 – $369.5. We don’t like buying the proposed rally. If Netflix breaks below $342.5 instead, then the 5 waves impulse move from May 2 peak is still progressing.
NFLX HAS NO MORE VOLUME TO CONTINUE UP - 310 TARGET NEXTVolume is getting lower and lower. 5 waves within the C is finished and we have a 1:1 extension of A-B. That means we are nearing us a end of the little long run we had.
My target for this mini short is 310
Keeping a SL at 358,5 would be the best, as there is a slight chance of a 1.272 extension.
After that we should see a drop to the above target.
Netflix BUY BUY BUY In this chart we are looking at Netflix on the daily timeframe, you can see that although price is in a downtrend it is also coming down and testing some very strong support, the price has tested and bounced off this support before ( purple circles )
Price is also nearly at the tip of a wedge formation, a breakout of this wedge in a bullish way will see price take off.
Netflix are also due to release Q4 earnings on 17.01.19 after reading positive reports on Netflix IR we are expecting bullish movement.
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Netflix Elliott Wave View: Pullbacks Should Remain SupportedHello Traders,
NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended red wave “IV” pullback. Up from there, red wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $376.81 high ended blue wave (1). The internals of that rally unfolded in 5 waves impulse structure with the sub-division of 5 waves structure in lesser degree cycles in red wave 1, 3 & 5.
Up from $310.84 low, the initial rally to $341.50 high red Minor 1 in lesser degree 5 waves. The pullback to $334.30 low ended red wave 2. Then the rally higher towards $374.49 high ended red wave 3 in lesser degree 5 waves structure.
Down from there, the pullback to $363.54 low ended red wave 4. Finally, a rally higher to $376.81 high ended red wave 5 & also completed blue wave (1). Currently, the stock is doing a pullback in blue wave (2) & expected to unfold in lesser degree Zigzag correction before the rally resumes again provided the pivot at $310.84 low stays intact. We don’t like selling it and prefer more upside against $310.84 low.
