Netflix price correction will continue

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Based on the 2-month Cash Data chart, it is quite clear that the diametric pattern is completing.

Considering that the diametric wave-(B) has taken a lot of complexity and time, it seems that the wave-(F) is not completed and has little complexity and time, so we considered two scenarios for the wave-(F):

Scenario 1

Considering that after the wave-(E) there was a rapid downward movement, the wave-(F) will become an irregular contracting triangle, then the wave-(G) will start and grow

Scenario 2

The wave-(F) can turn into a flat pattern with a strong wave-b. In this type of flat, usually the wave-c cannot retrace the entire wave-b, as a result, the wave-c of this type of flat pattern can turn into a terminal pattern, and then the diametric wave-(G) of a higher degree will start.

Penafian

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