Back in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly.
Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%. Despite the expected correction, we maintain a bullish outlook for Netflix, anticipating higher prices in the longer term.
Once we confirm the pullback and identify precise entry and exit points, we will issue a detailed market report.
Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%. Despite the expected correction, we maintain a bullish outlook for Netflix, anticipating higher prices in the longer term.
Once we confirm the pullback and identify precise entry and exit points, we will issue a detailed market report.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.