Netflix Is Hunting For More Upside
Aug 31, 2023

NFLX

Netflix Is Hunting For More Upside, as we see an unfinished five-wave bullish impulse by Elliott Wave theory.

Netlifx with ticker NFLX is trading bullish, ideally unfolding a five-wave bullish cycle. So, while the price holds above important trendline connected from the lows, there’s room for more upside, especially after recent three-wave corrective slow down, which we see it as wave 4. That said, watch out for more gains in upcoming days that can send the price towards 500 area for wave 5.

Netflix Is Hunting For More Upside NFLX Weekly Chart
NFLX Weekly Chart

Natural Gas Is Looking For More Short-term Weakness. Check our chart HERE.

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