$NFLX
Added 2025-05-08 11:55:22 +0000 UTC$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
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.
iii5200 .
2025-05-08 14:49:46 +0000 UTC
