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Netflix Inc.(NFLX:NASDAQ) Elliott Wave Technical Analysis 18 January 23


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NetflixInc.,Elliott Wave Technical Analysis

Netflix Inc.,(NFLX:NASDAQ): Daily Chart, 18 January 23,

NFLXStock Market Analysis:At this point I changed the count moving everything down a degree to allow for a larger correction. I still expect downside into wave {c} of B and we’ll have confirmation soon.

NFLXElliott WaveCount:WaveB of(B).

NFLXTechnical Indicators:Above alle averages

NFLXTrading Strategy:Looking forfurther confirmation to entershort.

TradingLounge Analyst: Alessio Barretta

 

NFLX_1_18.png.6dfdce32f5b45b456a950feb16df4ac9.png

 

 

 

Netflix Inc., NFLX:4-hour Chart,18 January 23,

NetflixInc.,.,Elliott Wave Technical AnalysisNFLXStock Market Analysis:As you can see the move down in potential wave {a} was a three wave move therefore we can have wave {b} breaking the top of {a}(flat correction).

NFLXElliott Wave count:Wave{b} of B.

NFLXTechnical Indicators:Above allaverages

NFLXTrading Strategy:Looking fordownside to start entering within wave {c}.

NFLX_4H.png.5cba6c3579ce50df919c58f78250f108.png

 

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