Netflix Inc.(NFLX:NASDAQ) Elliott Wave Technical Analysis 24 April 23

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Netflix Inc., Elliott Wave Technical Analysis

Netflix Inc., (NFLX:NASDAQ): Daily Chart, 24 April 23,

NFLX Stock Market Analysis: Looking for further downside to complete the overall correctio in wave B. however it is worth mentioning that wave Bs are often known for being unpredictable in terms of the shape they will assume. We should then be prepared for a potential triangle or sideways consolidation as well.  

NFLX Elliott Wave Count: Wave {b} of B.  

NFLX Technical Indicators: Above 200, below 20EMA.

NFLX Trading Strategy: Looking for downside into wave {c}.

TradingLounge Analyst: Alessio Barretta

 

 

 

Netflix Inc., NFLX: 4-hour Chart, 24 April 23,

Netflix Inc., Elliott Wave Technical Analysis

NFLX Stock Market Analysis: Looking for a potential three wave move to have come to an end into wave {b}, however I still do not see a clear impulsive move to the downside which makes me wonder whether we might continue sideways or not.  

NFLX Elliott Wave count: Wave {b} of B.  

NFLX Technical Indicators: Above 200, below 20EMA.

NFLX Trading Strategy: Looking for a clear five wave move to the downside before considering longs.