📊 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?
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.