📊 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?
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。