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.
NFLX 4H ChartBasic 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.
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:More By This Author:Cable Can Be Looking For The Support
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