Growth is possible.

On the daily chart, the upward third wave of the highest level (3) of C and the correctional fourth wave (4) of C formed. Now, the fifth wave (5) of C has started. If the assumption is correct, the asset will grow to the area of 1340.00–1500.00. In this scenario, the critical stop loss level is 1086.50.

Shares of Netflix Inc., an American entertainment company and streaming service for movies and TV series, are trading at 1090.00.