Netflix (NFLX) ...Will this Horror Show ever end ?

Netflix (NFLX) ...Will this Horror Show ever end ?

Netflix has been one of the bigger casualties of the NASDAQ selloff managing to lose over 74% of its value since early November 2021.

Taking a 10,000 foot view and reviewing a monthly log chart(insert) suggests a well defined channel going back to NFLX's debut in May 2002.

The bottom of this channel now rests in the $150- $160 area which we will probably have to test before a significant trend reversal takes place.

So Netflix worth watching here.

No apparent harmonic patterns are evident. If any emerge I will update below,

Caution:

This is educational not investment advice.

Do your own due diligence while watching the bigger picture(a bad pun) and review world events around you.

We are currently in a very volatile market period...don't try and catch a falling knife or risk capital you can't afford to lose.

Let if bottom first.

Good Luck and thanks for reading.

Hopefully you found it this useful.

S.