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Netflix Inc., Elliot Wave Analysis

12/19/2022 10:10 AM

The price is in a correction and may grow.

On the daily chart, an upward correction of the higher level develops as the wave (B) of B, within which the wave А of (B) formed. Now, the formation of the correctional wave B of (B) has started. If the assumption is correct, the price will grow to the area of 362.50–423.15. In this scenario, critical stop loss level is 212.50.

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