I currently believe that NFLX is in the final stages of a bull market. I am looking at three time frames.
First is the weekly:
I have outlined a couple of key points for this on the chart, the most important aspect of the graph is that we have 3 distinct phases of this bull.
Something to consider in the final stage of a bull market:
"During this phase, a lot of attention should be placed on signs of weakness in the trend, such as strengthening downward moves. Also, if the upward moves start to show weakness, it could be another sign that the trend may be near the start of a primary downtrend."
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