NFLX - can finally deliver a drop

On January 17, 2019 I posted the Red Target Box ( see the chart below) located in between $378 and $360.

NFLX - daily Chart updated on 1-17-2019

As you can see on the updated chart below, for the following six months since that update NFLX has not moved anywhere. However, I think it is going to finally drop now in subwave c of wave B down. The most likely targets are 315 or 260. I would be looking for a deeper drop targeting 260 to go long in anticipation of another rally in wave C of 5 targeting a new all time high.

NFLX - daily Chart updated on 7-17-2019

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