Elliott Wave Trading Education

Archive by tag: Bearish MomentumReturn

06Feb

NFLX Elliott Wave Analysis: Minor Wave 1 Top Confirmed, Bears Gaining Momentum 6 February 24

Ranjeet | 06 Feb, 2024 | NFLX, Netflix Inc., Elliott Wave analysis, wave patterns, market dynamics, trading opportunities, trend reversal, bearish momentum, technical analysis, trading strategy | US Stocks | 0 Comments |

Elliott Wave analysis delves into Netflix Inc.'s (NFLX) current market dynamics dated 6 February 24, uncovering key insights from both daily and 4-hour charts. On the daily chart, a confirmed top in Minor wave 1 hints at a potential shift in trend direction, while the 4-hour chart reveals accelerating downward movement in wave {a} of 2, supported by increasing volume.

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