The Long Investor
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$NFLX
🕑 Added 2025-05-08 11:55:22 +0000 UTC$NFLX keeps pushing to ATH's and it has that $META energy when it completed one of the strongest V shaped recoveries I have ever seen.
I would be watching for a test of the 2.618 Fib at $1182 for a rejection.
A rejection here and the impulse wave could be complete and we see a move down to the amber fib levels, where I have added the BUY ZONE.
A break above $1182 and the BULLISH PT is at $1567.
Right now both options are possible but could rest on how the market behaves testing its own Wave B.
Comments
iii5200 .
Can the drop in 2022 be explained in Elliot Wave Theory? Not easy to see as Ackman sold at a loss too, but the tiny bounce in the middle of it looks very small for a wave B.
