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Netflix Stocks - Elliottwave Technical analysis


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NFLX Elliott Wave Analysis Trading Lounge Daily Chart,

Netflix Inc., (NFLX) Daily Chart

NFLX Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive  

POSITION: Wave 3 of (3).

DIRECTION: Upside in wave 3.  

DETAILS: We are approaching Medium Level at 650$ which is where we could expect wave 3 top. We also have equality of 3 vs. 1 at 670$.

 

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NFLX Elliott Wave Analysis Trading Lounge 4Hr Chart,

Netflix Inc., (NFLX) 4Hr Chart

NFLX Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive  

POSITION: Wave (v) of {iii}.

DIRECTION: Upside in wave (v).

DETAILS: Looking for upside into wave (v) as we seem to have been consolidating into wave (iv).

 

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Welcome to our NFLX Elliott Wave Analysis Trading Lounge, where we provide comprehensive insights into Netflix Inc. (NFLX) using Elliott Wave Technical Analysis. Let's explore the market dynamics as of the Daily Chart on 25th March 2024.

*NFLX Elliott Wave Technical Analysis – Daily Chart*

Our analysis reveals a trending function characterized by impulsive mode and motive structure, positioned in Wave 3 of (3). The direction indicates upside momentum in wave 3, with key levels to watch out for. We are nearing the Medium Level at $650, where a potential wave 3 top could occur. Additionally, we observe equality between wave 3 and wave 1 at $670, providing further insight into potential price targets.

* NFLX Elliott Wave Technical Analysis – 4Hr Chart*

Here, we identify a trending function marked by impulsive mode and motive structure, positioned in Wave (v) of {iii}. The direction suggests further upside movement in wave (v) after a consolidation phase in wave (iv). This consolidation indicates a period of temporary pause before the resumption of the uptrend.

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