📊 Netflix Stock: 4H W-X-Y Correction and Wave (B) Targets
Netflix appears to be developing a larger W-X-Y corrective structure on the 4-hour chart. The decline from 108.95 to 65.08 appears to have completed Wave (A) in five waves. Price has since started a recovery, which I am treating as a developing Wave (B).
Netflix is currently at an interesting point in the larger corrective structure. If Wave (B) continues higher:
🎯 Target Levels
After Wave (B) completes, the next question will be whether Wave (C) develops to the downside.
📉 What happens after Wave (B)?
If Wave (B) completes in the expected retracement area, the next move could be a Wave (C) decline to complete the larger Y correction.
Extension-based W-X-Y levels: 72.43 → 62.51 → 49.86
➡️ What do you think?
Will Netflix reach 80, 86 or 92 before the next major decline?
Netflix appears to be developing a larger W-X-Y corrective structure on the 4-hour chart. The decline from 108.95 to 65.08 appears to have completed Wave (A) in five waves. Price has since started a recovery, which I am treating as a developing Wave (B).
Netflix is currently at an interesting point in the larger corrective structure. If Wave (B) continues higher:
🎯 Target Levels
- Target: 80
- Target: 86
- Target: 92
After Wave (B) completes, the next question will be whether Wave (C) develops to the downside.
📉 What happens after Wave (B)?
If Wave (B) completes in the expected retracement area, the next move could be a Wave (C) decline to complete the larger Y correction.
Extension-based W-X-Y levels: 72.43 → 62.51 → 49.86
➡️ What do you think?
Will Netflix reach 80, 86 or 92 before the next major decline?
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.