NKE, NFLX update March 2

NKE: Ideal retrace targets reached for major b. No real signs of a reversal yet, but starting to look toppy. Alternatively, this is major 1 of Primary IV. Regardless, downside should commence soon.



NFLX: Looks like an Ending Diagonal Triangle is forming. Could target $101-$102, which is where the yellow 100%, the red 100% extension of a possible intermediate a, from b and around the white 23.6% retrace level. Surely does not look impulsive at this point. Yes it could also be a leading diagonal triangle; in that case, price cannot go below the yellow “4?” label and should “only” drop back to ~$88.