A corrective bounce for wave B is inevitable for #NFLX
Timeframe: Weekly
Price may find bottom to complete the bearish impulsive wave a at 0.236 fibonacci retracement of the previous general motive phase wave 1.
When this level holds and this analysis be validated, price may then resume its corrective bounce for wave b.
#elliotwaveforecast
marketpainterPH
Visually presenting the basic general representation of the principle of Elliott Wave Theory.
Price may find bottom to complete the bearish impulsive wave a at 0.236 fibonacci retracement of the previous general motive phase wave 1.
When this level holds and this analysis be validated, price may then resume its corrective bounce for wave b.
#elliotwaveforecast
marketpainterPH
Visually presenting the basic general representation of the principle of Elliott Wave Theory.
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