Netflix, Inc.
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NFLX 4th Wave forming

Seems that price is taking a break from it's upward move. Might stay between these red lines for a while, or retrace a bit more to that 38.2% Fib level. RSI looks to me like a triangle and maybe a breakout of any trendline would give us a hint about our next move. In a long term NFLX still looks bullish to me and sooner or later we should be moving upwards for the 5th Wave.
Wave Analysis

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