Elliott Wave Technical Analysis: Netflix - Jan. 18

Netflix Inc., Elliott Wave Technical Analysis

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Netflix Inc., (NFLX): 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 all averages

NFLX Trading Strategy: Looking forfurther confirmation to enter short.

TradingLounge Analyst: Alessio Barretta

Netflix Inc., NFLX: 4-hour Chart, January 18, 2023

Netflix Inc., Elliott Wave Technical 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}.

 


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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 ...

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