In a nutshell for the non- analyst out there : I see a clear move down in Netflix fallowed by a correction and than a final move down.
For the wave analyst:
This is a clear wave A to the downside in 5 waves , now being in the 5th wave.
After the completion of this move down, a correction Wave B will follow and then the final move C down usually equal in length with the first Wave A but much shallower , and not that steep as this wave A.
Disclosure: I am not an investor in Netflix, this is my analysis and does not constitute financial advice.
What's your take on $NFLX ?