ElliottwaveForecast
Oct 17, 4:19 AM
$NFLX — The Rally May Be a Trap Before the Next Leg Lower
Netflix remains in a bearish Elliott Wave sequence, while the current recovery still looks corrective rather than the start of a sustained reversal.
🎯 Key conclusion: once the corrective rally completes, the preferred path favors another decline, with the larger structure keeping the
$50 area in focus.
👀 Why it matters: short-term strength may offer a false sense of reversal. If the bearish sequence remains intact, the next major move could come from another breakdown.
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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