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Netflix Inc., Elliot Wave Analysis

1/30/2023 10:00 AM

Growth is possible.

On the daily chart, the upward correction of the higher level develops as the wave (B) of B, within which the wave А of (B) formed, the correctional wave B of (B) ended, and the formation of the wave C of (B) started. Now, the first wave of the lower level i of C is developing. If the assumption is correct, the asset will grow to the area of 423.15–487.00. In this scenario, critical stop loss level is 274.65.

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