ElliottwaveForecast
Oct 11, 1:28 AM
$NFLX — The Rally May Be a Trap Before the Next Leg Lower
Netflix remains trapped in a bearish Elliott Wave sequence, and the current rebound is expected to remain corrective rather than signal a lasting bottom.
🎯 Key conclusion: the larger structure still favors renewed downside once the corrective rally runs its course, with the
$50 area coming into focus.
👀 Why it matters: strength here may offer a false sense of reversal. The real opportunity is identifying where the rally fails and the bearish sequence resumes.
Read the full analysis 👇
https://elliottwave-forecast.com/news/netflix-nflx-elliottwave-bearish-sequence-dictates-corrective-rally-failure-downside-towards-50/
#NFLX #Netflix #ElliottWave #Stocks #Trading
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