Netflix shares have mostly traded sideways recently, with occasional mild upward pressure. As a result, bearish momentum in our primary scenario has been delayed for now. We continue to view NFLX as being in a major corrective phase and expect more significant sell-offs over the long term. With the recent corrective upswing now complete, the current downward move should next push price below support at $75.02. In our alternative scenario, NFLX may have already established a major low within our deactivated blue Long-Term Entry Range. If so, price would immediately resume rising and initially break through resistance at $124.65 and $134.12 (probability: 40%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.