NFLX update February 25, 2016

NFLX; not too much too add to this ticker, as it may have completed major 4. I personally don’t like the depth of he 4th wave here and the advance off the recent $80ish low is corrective and suggests further downside ahead. If wave 1 and 4 overlap, than this count needs to be revised to a large ABC, with Primary I as A, and II as B, and major 3 as C. Time will tell. In addition, we can see a clear trendline pattern emerge, but not a real impulse trend channel… that is somewhat worrying for the “major 5 to come” case. Support below the trend line “4?” tagged is currently at $65 and rising.

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