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Netflix Inc., Elliot Wave Analysis

10/24/2022 10:37 AM

Growth is possible.

On the daily chart, the wave А of the higher level formed, and a downward correction develops as the wave B, within which the wave (А) of B formed, and an upward correction of the lower level develops as the wave (B) of B. Now, the wave А of (B) is forming, within which a local correction is developing as the second wave ii of A, and the wave ii of A is developing. If the assumption is correct, the asset will grow to the area of 362.50–423.15. In this scenario, critical stop loss level is 211.00.

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