NFLX
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.
NKLA53 IS A MUST HOLD LEVEL. IF 53 BREAKS NKLA CAN DROP BACK TO 39.
TRADE IDEA: UNDER 39
45P 7/11
**NKLA PREMIUMS ARE VERY HIGH. I WOULD RATHER JUST BUY/SHORT STOCK IN THIS.
GOOGL LEVELSGOOGL NEEDS OVER 1475 TO MAKE A MOVE TOWARDS 1500.
TRADE IDEA: 1500C 7/10
IF GOOGL FAILS AT 1475 IT CAN MOVE TO 1449, 1436.
TRADE IDEA: 1450P
NFLX LEVELSIF NFLX CAN HOLD OVER 474, IT CAN MAKE A MOVE HIGHER TOWARDS 500.
TRADE IDEA: 500C 7/10
IF NFLX BREAKS UNDER 474, IT CAN FALL IT 459, 453.
TRADE IDEA: 450P
NFLX (Netflix): Possible H&S PatternNFLX (Netflix) is developing a potential Head & Shoulders price pattern, on the daily chart.
Neckline Support in red is approximately $405 to $408 range.
Downside breakdown target would be -13%, or approximately $355 range.
If the H&S fails, NFLX would need to breakout above $444 and $459 to continue the uptrend.
NFLX Analysis Weekly Chart
3 Bar
Bullish Momentum
Daily Chart
Ascending Wedge Bullish Breakout
Bearish Divergence (MACD Hist, Stoch, Diosc)
Pullback to ~474.01 expected before Bullish Continuation
30min Chart
Descending Triangle
Retest of Ascending Triangle Breakout Line
Bullish Divergence (MACD Hist, CCI, Stoch, CMF, MFI)
Loss of Bearish Momentum
NFLX SignalCalled this on the group chat at about 400, and the gaol is 495, its almost hit already and will soon go back down to the bottom of support retest and hopefully bounce back up and easily hit my target of 495
If youd like to join the paid group chat just DM me, and we can bank together with more opportunity to bank.
Questions just DM me
NETFLIX (NFLX)Hi,
Strong support 330 - 375.
Technical criteria:
1) The trendline since 2016
2) 2018/2019 resistance become support
3) Weekly EMA 100 (blue)
4) Weekly EMA 200 (red)
Regards,
Vaido
