This is a swing trade setup for Nov 17, 2015 for the stock Netflix (NFLX).  Potential gain = 30%(!) if this level breaks. Here’s where I’d safely buy to avoid a downward nasty C in a zigzag.

Best case scenario:  NFLX got a huge ABC flat with an expanded version in a long C..could be a zigzag due to failed B wave either case, if NFLX can break through 1.00 at 115, it would setup a REALLY big Wave 3…in fact 130-132 could be the highest 1.618 target on this breakout.  115 I’d expect to be sliced through pretty quick with this amazing 1-2-3 setup.

Worst case scenario: Failure at 112 or 786 and a drop below 107 setting up a C wave…looks really far fetched for that to happen and the 1-2-3 pattern pretty much looks 90%.  Almost impossible to break 618 support of the powerful move from the lows of the potential S&P bottom today.

Where I’m leaning: I’d go all in tomorrow if I see a full 1.00 breakout at 115, and try to swing trade this thing for all it’s worth…or like they say “milk it for all it’s worth” (wave 3 at 1.618 to 130-132)