Netflix: Are you still watching…? 👀

Well, the question should rather be: “Are you still climbing?” Indeed, Netflix still has got some room left to expand wave 1 in turquoise further upwards, although the next top can be placed anytime now as well. As soon as this is done and dusted, the share should turn downwards to develop wave 2 in turquoise before the next stage of ascent can start. However, there is a 34% chance that Netflix could continue to climb higher than primarily anticipated. In that case, we would expect the share to already develop wave alt.3 in turquoise, meaning that wave alt.1 and alt.2 in turquoise would be finished by now.