We all remember the massive sell-off of NFLX in 2022, it crashed from 700$ to 166$.
Everyone who bought at the time has gained 600% profit as price reached 1000$ after the last earnings.
The question is now could and should you ask for more ?
From an Elliott Wave perspective 5 waves up could be completed and NDX is at least consolidating, maybe even setting up a move to the downside.
I'd take my profits in NFLX and walk away.
Everyone who bought at the time has gained 600% profit as price reached 1000$ after the last earnings.
The question is now could and should you ask for more ?
From an Elliott Wave perspective 5 waves up could be completed and NDX is at least consolidating, maybe even setting up a move to the downside.
I'd take my profits in NFLX and walk away.
Note
top of the channel, NDX at ATH again. Dowside ahead ?Note
Went down as expected and left the channel. Probably more downside ahead. Note
This might be a b wave retrace to get all the stops of the shorts from late Feb and early March 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.