Netflix Could Stay In The Bullish Trend

NETFLIX with ticker NFLX is in a massive rally that was even extended in 2024 and looks like there's space for more upside, because of an incomplete five-wave bullish impulsive cycle. We can see some slow down since the end of 2024 into the beginning of 2025, but looks like a wave (4) correction, which can ideally find the support around 860 - 840 area and from where we should be aware of a bullish resumption within wave (5) towards 1000 area.

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NFLX 4H Chart

Basic Impulsive Bullish Pattern shows that Netflix can be finishing wave (4) correction and it could resume its bullish trend for wave (5) five-wave bullish cycle soon.

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Basic Impulsive Bullish Elliott Wave Pattern 

For more analysis like this, you may want to watch below our latest recording of a live webinar streamed on January 06 2025:


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