NFLX Elliot Wave, Wyckoff Method with Head & Shoulders Pattern
It is not always easy to time a short, but looking at this chart I will share a couple of confluences that are interesting from a technical analysis point of view.
First, there is a 5 wave completion of the Elliot Wave pattern.
Then, based on the Wyckoff method of accumulation to distribution, we can gauge areas of UTAD and LPSY takes place.
Lastly, we can form a Head & Shoulders pattern (a small one) and a neckline.
One can carefully enter the short after the break and retest of the trendline, which is the safest way.
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