03Dec

Netflix (NFLX) Elliott Wave Technical Analysis: In-Depth Stock Trends, Wave Structure Insights, Forecasts, and Trading Opportunities for Investors

Netflix Inc., (NFLX) Elliott Wave Analysis - Trading Lounge Daily Chart

NFLX Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (5)

Direction: Upside within wave 5 of (5)

Netflix appears to be advancing within wave 5 of (5), signaling the continuation of its impulsive trend. The current wave analysis indicates that Netflix reached equality of wave 3 vs. wave 1 around the $850 level.

Two potential Elliott Wave counts are under review:

  1. Netflix might be undergoing a corrective Minor wave 4, suggesting a short-term consolidation.
  2. Once this correction is complete, another upward movement in wave 5 could finalize the broader impulsive structure.

Netflix-Inc-1d-stock...


Netflix Inc., (NFLX) Elliott Wave Analysis - Trading Lounge 1H Chart

NFLX Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {iv} of 3

Direction: Upside in wave {v}

The 1-hour chart reveals that Netflix is progressing within wave {iv} of 3. Following this corrective wave, wave {v} is anticipated, continuing the upward momentum to complete the overall wave 3 structure.

Key Observations from 1H Chart:

  • The five-wave structure of wave 3 remains incomplete.
  • Both wave {iii} and the upcoming wave {v} require additional upside movements to complete the Elliott Wave counts.

Netflix's Elliott Wave progression continues to suggest bullish opportunities, with the potential for further upward price action in the near term.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: JPM Elliott Wave Technical Analysis 

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Netflix-Inc-1h-stock...

Related

Australian Dollar/U.S.Dollar (AUDUSD) Forex Elliott Wave Technical Analysis: A Comprehensive Review

Australian Dollar/U.S.Dollar (AUDUSD) Forex Elliott Wave Technical Analysis: A Comprehensive Review

This detailed analysis of the AUDUSD pair using Elliott Wave Theory provides current trends and futu...

Read More >
Swiss Market Index Elliott Wave Technical Analysis: Key Insights for Daily and Weekly Chart Trends

Swiss Market Index Elliott Wave Technical Analysis: Key Insights for Daily and Weekly Chart Trends

The Swiss Market Index (SMI) Elliott Wave Analysis provides a detailed look at current market trends...

Read More >
Unlocking Potential Gains: META Platforms Inc. (META) Elliott Wave Technical Analysis offering actionable insights

Unlocking Potential Gains: META Platforms Inc. (META) Elliott Wave Technical Analysis offering actionable insights

Elliott Wave Analysis for META Platforms Inc. (META) dated February 16, 2024, offering actionable in...

Read More >
Our Gold XAUUSD Commodity Elliott Wave Technical Analysis and Price Forecast for traders and investors Looking Movement

Our Gold XAUUSD Commodity Elliott Wave Technical Analysis and Price Forecast for traders and investors Looking Movement

Unlock expert insights with our Gold Elliott Wave analysis and price forecast. Understand the curren...

Read More >
U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Analysis: Daily Chart Review - February 2, 2024

U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Analysis: Daily Chart Review - February 2, 2024

Unlock profitable trading opportunities with expert insights from the latest USDCHF Elliott Wave Ana...

Read More >
Natural Gas Commodity Elliott Technical Analysis: Strategic Trading Opportunities to help you Navigate the Market Effectively

Natural Gas Commodity Elliott Technical Analysis: Strategic Trading Opportunities to help you Navigate the Market Effectively

Explore our detailed natural gas technical analysis through Elliott Wave theory. Learn about the cur...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on