Netflix, Inc.

$NFLX Bear Scenario

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In the event we do enter a bear market, which I believe to be highly likely, this is how I see NFLX playing out over the next several months. According to my count, NFLX has completed its 2nd impulse wave down & is now in a corrective 4th wave back up before hitting resistance at the 382 fib line & the top of its downward channel(red). Invalidated if the channel is broken, but will be shorting at the $330 range.

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