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Netflix Inc., Elliot Wave Analysis
8/15/2022 12:06 PMGrowth is possible.
On the daily chart, the wave А of the higher level formed, a downward correction ended as the wave B, and the wave C started. Now, the first entry wave of the lower level 1 of (1) of C has formed, a local correction has formed as the wave 2 of (1) of C, and the third wave 3 of (1) of C is developing. If the assumption is correct, the asset will grow to the area of 326.97–397.00. In this scenario, critical stop loss level is 209.78.
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