Netflix topped in 2022 out of a diagonal — a reversal pattern that appears at the end of a trend. The drop that followed was sharp and fast, which is exactly how diagonals resolve.
From that low, price built a clean five-wave impulse into the 2026 high. That impulse is complete, and Netflix is now correcting it.
The correction is a simple ABC. Wave (A) dropped, wave (B) retraced into the 0.618, and wave (C) is now driving price lower into the buy zone.
The buy zone is where it gets interesting. The 0.382–0.5 retracement of the entire impulse lands directly on the long-term trendline that has held since 2018. Two independent levels pointing at the same area.
Once wave (C) completes there, the next impulsive leg higher begins.
Targets
- Take Profit 1: $134
- Take Profit 2: $236
Plan
- Wait for price to reach the buy zone
- Watch for wave (C) to complete
- Trendline break confirms the entry
Goodluck and as always, trade safe!
From that low, price built a clean five-wave impulse into the 2026 high. That impulse is complete, and Netflix is now correcting it.
The correction is a simple ABC. Wave (A) dropped, wave (B) retraced into the 0.618, and wave (C) is now driving price lower into the buy zone.
The buy zone is where it gets interesting. The 0.382–0.5 retracement of the entire impulse lands directly on the long-term trendline that has held since 2018. Two independent levels pointing at the same area.
Once wave (C) completes there, the next impulsive leg higher begins.
Targets
- Take Profit 1: $134
- Take Profit 2: $236
Plan
- Wait for price to reach the buy zone
- Watch for wave (C) to complete
- Trendline break confirms the entry
Goodluck and as always, trade safe!
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t.me/Crypto_Wick
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📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
Haftungsausschluss
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Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.