Wednesday, August 10, 2022 9:15 AM EST
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Netflix Inc., Elliott Wave Technical Analysis
Netflix Inc., (Nasdaq: NFLX): Daily Chart, August 10, 2022,
NFLX Stock Market Analysis: Looking for a potential ending diagonal in wave {c} of A to be near completion. Ideally, we want to see a strong move lower in the following days to confirm the analysis.
NFLX Elliott Wave count: Wave {c} of A.
NFLXTrading Strategy: wait for the initial move down in wave {a} of B to then look for additional downside.
NFLXTechnical Indicators: We are well below the 200 EMA as well as we are forming bearish divergence on the RSI.
Analyst: Alessio Barretta
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_nflx_8_10.webp)
Netflix Inc. NFLX: 4-hour Chart, August 102022,
Netflix Inc., Elliott Wave Technical Analysis
NFLX Stock Market Analysis: Looking for downside to come soon, we would like to see the 220$ being broken as that would provide additional confirmation.
NFLXElliott Wave count: Wave {c} of A.
NFLX Technical Indicators: We are close to the 200 EMA but still below. That could act as resistance and drive prices lower.
NFLXTrading Strategy: Looking for a break of the 220$ is to have additional confirmation.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_nflx_4h.webp)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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