The price is in a correction and a fall is possible.

On the daily chart, a downward correction of the higher level ended as the wave B, and the upward wave C develops, within which the first wave (1) of C formed. Now, a local correction has started as the second wave (2) of C, within which the wave А of (2) forms. If the assumption is correct, the price of the asset will fall to the area of 457.77–400.00. In this scenario, critical stop loss level is 637.62.

Quotes from Netflix Inc., an American entertainment company and a streaming service for movies and TV series, are correcting at 623.00.