$NFLX
Added 2024-01-24 17:59:28 +0000 UTCI am not a fan of these set ups but we can see how popular they have been, especially on the $META chart where people continue to buy as the trend is drifting up within a tight wedge or megaphone pattern that looks incredibly delicate.
$NFLX's decision to increases prices and crack down on password sharing has worked for them....and the pull back between August and October went to the 0.38 Fib which suggests to me that this was also Wave 4.
The price action is looking bullish here and as long as it stays within the yellow trend lines, this can continue drifting up to our Wave 5 target at the blue line and back to its ATH line.
Ackman Sold at a large loss at the start of 2022 and it sank further and he never touched it again.....had he held, he would be up over 35% right now.
But the chart was not looking particularly attractive back then.
