Elliott Wave Intraday Analysis: NFLX Should Continue Rally-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Elliott Wave Intraday Analysis: NFLX Should Continue Rally

Elliottwave_Forecast
08-16

Short Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from wave (W), wave A ended at 655.54 and wave B ended at 631.50. Wave C higher ended at 678.97 which completed wave (X) in higher degree.

Then, NFLX turned lower in wave (Y) with internal subdivision as another double correction structure. Down from wave (X), wave W ended at 617.00 and wave X ended at 646.71. Last leg wave Y lower ended at 583.50 which completed wave (Y) and ((4)) in higher degree. The current rally is in progress expecting to continue higher as wave ((5)). Near term, we are calling a leading diagonal as wave 1 of (1) of ((5)). This wave 1 ended at 632.00 high and wave 2 pullback finished at 605.50. From this point, the stock resumed to the upside in wave 3 and once the wave 3 is completed, it should see 3, 7 or 11 swings correction as wave 4 before resuming the rally again.

NFLX 30 Minutes Elliott Wave Chart

NFLX 30 Minutes Elliott Wave Chart

NFLX Elliott Wave Video

https://youtu.be/O3rfKEdC1SM

Source:https://elliottwave-forecast.com/stock-market/elliott-wave-intraday-analysis-nflx-continue-rally/

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KSR
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The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from wave (W), wave A ended at&nbsp;655.54 and wave B ended at 631.50. Wave C higher ended at 678.97 which completed wave (X) in higher degree.</p>\n<p style=\"text-align: justify;\">Then, NFLX turned lower in wave (Y) with internal subdivision as another double correction structure. Down from wave (X), wave W ended at 617.00 and wave X ended at 646.71. Last leg wave Y lower ended at 583.50 which completed wave (Y) and ((4)) in higher degree. The current rally is in progress expecting to continue higher as wave ((5)). Near term, we are calling a leading diagonal as wave 1 of (1) of ((5)). This wave 1 ended at 632.00 high and wave 2 pullback finished at 605.50. From this point, the stock resumed to the upside in wave 3 and once the wave 3 is completed, it should see 3, 7 or 11 swings correction as wave 4 before resuming the rally again.</p>\n<h2>NFLX 30 Minutes Elliott Wave Chart</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fd80412947463812e5e4b7a745ac7e2e\" tg-width=\"1912\" tg-height=\"979\"><span>NFLX 30 Minutes Elliott Wave Chart</span></p>\n<h2>NFLX Elliott Wave Video</h2>\n<p>https://youtu.be/O3rfKEdC1SM</p>\n<p>Source:https://elliottwave-forecast.com/stock-market/elliott-wave-intraday-analysis-nflx-continue-rally/</p></body></html>","htmlText":"<html><head></head><body><h2></h2>\n<p style=\"text-align: justify;\">Short Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from wave (W), wave A ended at&nbsp;655.54 and wave B ended at 631.50. Wave C higher ended at 678.97 which completed wave (X) in higher degree.</p>\n<p style=\"text-align: justify;\">Then, NFLX turned lower in wave (Y) with internal subdivision as another double correction structure. Down from wave (X), wave W ended at 617.00 and wave X ended at 646.71. Last leg wave Y lower ended at 583.50 which completed wave (Y) and ((4)) in higher degree. The current rally is in progress expecting to continue higher as wave ((5)). Near term, we are calling a leading diagonal as wave 1 of (1) of ((5)). This wave 1 ended at 632.00 high and wave 2 pullback finished at 605.50. From this point, the stock resumed to the upside in wave 3 and once the wave 3 is completed, it should see 3, 7 or 11 swings correction as wave 4 before resuming the rally again.</p>\n<h2>NFLX 30 Minutes Elliott Wave Chart</h2>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/fd80412947463812e5e4b7a745ac7e2e\" tg-width=\"1912\" tg-height=\"979\"><span>NFLX 30 Minutes Elliott Wave Chart</span></p>\n<h2>NFLX Elliott Wave Video</h2>\n<p>https://youtu.be/O3rfKEdC1SM</p>\n<p>Source:https://elliottwave-forecast.com/stock-market/elliott-wave-intraday-analysis-nflx-continue-rally/</p></body></html>","text":"Short Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. 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