After forming a 1-2-3-4-5 Motive Wave, NFLX is forming an A-B-C Corrective Wave. Currently, NFLX is in C wave of this Corrective Wave.
C wave retraces 100 percent of A wave of A-B-C Corrective Wave. In this C wave, waves 1 and 2 have formed and wave 3 is under formation.
The spike after recent earnings is a short pull back in wave 3.
C wave retraces 100 percent of A wave of A-B-C Corrective Wave. In this C wave, waves 1 and 2 have formed and wave 3 is under formation.
The spike after recent earnings is a short pull back in wave 3.