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18Jan

Netflix Inc., Elliott Wave Technical Analysis 18 January 2023

Alessio Barretta |18 Jan, 2023 | 0 Comments | Return|

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Netflix Inc., Elliott Wave Technical Analysis 18 January 2023

4 Hour

Netflix Inc., NFLX: 4-hour Chart, January 18 2023,
Netflix Inc.,., Elliott Wave Technical Analysis
NFLX Stock 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).
NFLX Elliott Wave count:  Wave {b} of B.
NFLX Technical Indicators: Above all averages
NFLX Trading Strategy: Looking for downside to start entering within wave {c}.

Daily

Netflix Inc., Elliott Wave Technical Analysis
Netflix Inc., (NFLX:NASDAQ): Daily Chart, January 18 2023,
NFLX Stock 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.
NFLX Elliott Wave Count:  Wave B of (B).
NFLX Technical Indicators: Above alle averages
NFLX Trading Strategy: Looking for further confirmation to enter short.

 

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