Sep. 6 at 11:26 PM
🚨
$NFLX — Bearish Sequence Keeps Downside Risk in Focus
Netflix appears to have completed the corrective wave ((B)) rally near the recent high, while the larger Elliott Wave structure continues to favor the downside.
📉 Expected next move: decline in wave (1) → corrective rebound in wave (2) → another impulsive leg lower as the bearish sequence extends.
🔑 Key level: 109.00
As long as
$NFLX remains below this invalidation level, the bearish outlook stays intact and rallies are expected to remain corrective.
#NFLX #Netflix #ElliottWave #Stocks #Trading #TechnicalAnalysis