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Netflix Inc., Elliot Wave Analysis

3/13/2023 10:13 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, the correctional wave B of (B) has ended, and the development the wave C of (B) started. Now, the first wave of the lower level i of C has ended, and a local correction has formed as the second wave ii of C. 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 271.35.




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