Netflix Inc. Stocks Elliott Wave Technical Analysis – Tuesday, September 17

NFLX Elliott Wave Analysis Trading Lounge Daily Chart,Netflix Inc., (NFLX) Daily Chart NFLX Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 3     DIRECTION: Upside in wave 3.   DETAILS: Looking for a bottom in wave 2 in place, with upside within wave 3 of (5Looking for a bottom in wave 2 in place, with upside within wave 3 of (5)  with minimum target TL8 at 800$.  )  with minimum target TL8 at 800$.  Netflix Inc., (NFLX) 1H Chart NFLX Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 3.   DIRECTION: Upside in wave 3.  DETAILS: We seem to have bottom in wave 2 and are resuming higher. It looks like we could be in either wave ii of (iii) or else we could be in wave (iv) of {i} as a leading diagonal. In this Elliott Wave analysis of Netflix Inc. (NFLX), we analyze its recent price action using Elliott Wave Theory to provide traders with insights into potential opportunities. Both the daily and 1-hour charts offer a detailed view of NFLX’s trend and wave structure. * NFLX Elliott Wave Technical Analysis – Daily Chart* In the daily chart, Netflix is in a clear?impulsive mode, advancing within?Wave 3 of (5). The stock has likely completed its?Wave 2 correction?and is now entering?Wave 3, which typically represents the strongest and most extended move in an impulsive structure. The immediate upside target for this Wave 3 is?TradingLevel8 (TL8) at $800, a significant psychological and technical level. * NFLX Elliott Wave Technical Analysis – 1H Chart* The wave structure shows that NFLX is likely in the early stages of a new impulsive phase, either completing a small correction before moving higher or advancing within a larger impulsive wave. Confirmation of a continued rally within Wave {i} of 3 would solidify the bullish outlook, with near-term resistance levels offering potential breakout points.Technical Analyst : Alessio BarrettaSource : Tradinglounge.com get trial here!More By This Author:Binance Crypto Price News Today Elliott Wave Technical Analysis – Tuesday, September 17
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