Netflix Inc. (NFLX)  Elliott Wave Analysis – Daily Chart

NFLX Elliott Wave Technical Analysis

Function: Counter-Trend

Mode: Corrective

Structure: ZigZag

Position: Wave C of (4)

Direction: Approaching Bottom in Wave C

Details: Netflix (NFLX) remains in a ZigZag corrective pattern, currently trading within the base channel. Price support near the $800 level may provide a potential pivot zone. An Elliott Wave confirmation of Wave C's bottom could mark the beginning of a bullish advance in Wave (5), offering a key setup for trend traders.

Netflix Inc. (NFLX)  Elliott Wave Analysis – 1-Hour Chart

Function: Counter-Trend

Mode: Corrective

Structure: ZigZag

Position: Wave {v} of C

Direction: Bottom forming in Wave {v}

Details: NFLX is finalizing a five-wave move within Wave C on the intraday chart, nearing the Fibonacci equality target of Waves A and C. Increased market volatility calls for clear confirmation via a breakout to the upside before validating a potential trend reversal and entry into Wave (5).

Technical Analyst: Alessio Barretta

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