If you followed the long term call on NFLX on November 6, 2021, you would have made 72% by now.
It’s been an interesting story of forecasting for NFLX. First, in 2020 (almost) nobody believed that NFLX could ever return to $300. Then, in 2021 (almost) nobody believed that NFLX could lose a 40+% of its cap.
And here it is – NFLX has lost 75% off the top. Perhaps it’s time to listen to the candles and Messrs. Elliott and Fibonacci a bit more….
Today candles are sending an important message.
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