Netflix, Inc.Updated Head and shoulders pattern or Elliott's wave last rush?
As we can see on the chart, it seems that the price could set up a head and shoulders formation but it has few time to change its uptrend. However this uptrend sees a Macd little divergence so it should be monitored.
If this pattern formation failes we will see a natural pursuance of the trend but take a look of the other pattern, Elliott's waves. After a long ascent, is the overperforming stock in its last swing to the top?
If this pattern formation failes we will see a natural pursuance of the trend but take a look of the other pattern, Elliott's waves. After a long ascent, is the overperforming stock in its last swing to the top?
Note
Head and shoulder pattern complete let’s go down for a while...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.