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Netflix Inc., Elliot Wave Analysis

9/12/2022 11:34 AM

Growth is possible.

On the daily chart, the wave А of the higher level formed, a downward correction ended as the wave B and the development of the wave C started. Now, the first entry wave of the lower level 1 of (1) of C has formed, a local correction has developed as the wave 2 of (1) of C, and the third wave 3 of (1) of C is forming. 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 165.50.





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