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Netflix Inc., Elliot Wave Analysis

11/7/2022 10:24 AM

Growth is possible.

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) forms. Now, the third wave of the lower level iii of A is developing, within which the development of the wave (ii) of iii is ending. 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 211.00.




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