Elliott Wave Analysis of Disney (DIS), Netflix (NFLX), and others (ADI, FDX, MGM, JD, and BILI)

In this video we take a detailed look at the price movement on Disney (DIS), Netflix (NFLX), and others (Analog Devices (ADI), FedEx (FDX), MGM Resorts (MGM), JD.com (JD), and BiliBili (BILI)) using the Elliott Wave Theory to determine if and when they might be good trading opportunities. If you want to learn more about the powerful trading strategy that is Elliott Wave and see how this stuff works in real time, come visit us at TrendLizard.com! We offer daily Elliott Wave Analysis cover ETFs, stocks, and crypto and offer a free seven-day trial!

[@humbertovazquez1479]

If you dont mind what do you focus more? The structure of the wave or fibs levels? Thanks

[@coltenjosephhenrysbestyout8746]

My focus is always more on wave structure, Fibonacci is more of a supporting cast in my view. I hope that helps!

[@humbertovazquez1479]

@@coltenjosephhenrysbestyout8746 thank u. Very much appreciate it👍

[@coltenjosephhenrysbestyout8746]

Hi

[@methodman118]

On your analysis of JD at 16:20, you have a blue ABC with the A wave consisting of a green 3 wave ABC move. This is invalid as the only way you can have a 3 wave move in a wave A is if the larger blue ABC is a flat correction (3-3-5) but a flat would require the B wave to retrace at least 90% of wave A. In this case, you can see that the blue B wave does not retrace enough of wave A so you cannot label it is as such and your blue A wave would need to be a W wave instead (or everything would need to be relabelled)

[@coltenjosephhenrysbestyout8746]

Thanks for the feedback. Wouldn’t a WXY labeling imply that Y (aka my blue C wave) would have to be a three-wave move? Also, I’m curious where your 90% retracement requirement comes from, I am not familiar with that rule, thanks!

[@methodman118]

@@coltenjosephhenrysbestyout8746 Hi mate yes exactly, the Y (your C wave move) would need to be a 3 wave move which implies that either its wave A of Y or that the count is something else entirely. And in Elliott Wave Principle on page 89 under the rules under 'Flat', it says 'Wave B always retraces at least 90 percent of wave A' - it makes sense otherwise, it's not really a 'flat' correction if it doesn't retrace enough