NFLX 5 year Chart Forecast/Analysis

 

nflxchart

This is the 5 year chart analysis of Netflix (NFLX), best case, worst case scenario and what I’m leaning towards (percentage)

Best case scenario for NFLX 5 year long term chart: First wave was 10 to 70, Second Wave or W2 corrective of the W1 was in an ABC flat to 46, Wave 3 was exactly 1.618 to 130, the 4th wave or W4 retraced 382 back to 86, and if it takes out 120, the highest target would be a 5th wave at 618 X w1  + W3 to as high as 155-160.

Worst case scenario:  NFLX finds resistance at 116 and drops below 95.  That would setup a zigzag to as low as 72-75 in an A = C move.

Where I’m leaning:  I’m looking at this chart and I’m thinking..5th wave to 155-160 before a larger correction.  It has a 1-2-3-4-5 up appearance, but I’m thinking it takes out 116 and hits that big target.

NFLX 5 year Chart Forecast/Analysis on November 13, 2015 rated 3.6 of 5

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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