Short term Elliott Wave View in Netflix (NFLX) suggests that cycle from 12.6.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.6.2023 low, wave (1) ended at 500.89 and wave (2) dips ended at 461.86. The stock extended higher in wave (3) towards 579.64 and pullback in wave (4) ended at 548.93 as the 30 minutes chart below shows. Internal subdivision of wave (4) unfolded as a double three. Wave W ended at 554.37 and wave X ended at 589.50. Wave Y lower ended at 548.93 which completed wave (4).

The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 559.20 and dip sin wave ((ii)) ended at 550. Wave ((iii)) higher ended at 594.99 and pullback in wave ((iv)) ended at 591.53. Final leg wave ((v)) ended at 598.80 which completed wave 1 in higher degree. Pullback in wave 2 is now in progress. Down from wave 1, wave (a) ended at 577.46 and rally in wave (b) ended at 590.42. Wave (c) lower ended at 569.66 which completed wave ((w)). Expect rally in wave ((x)) to fail and the stock to turn lower in wave ((y)) before ending wave 2. As far as pivot at 548.91 low stays intact, pullback should continue to find support in 3, 7, 11 swing for further upside.

Netflix (NFLX) 30 minutes Elliott Wave chart

Netflix Elliott Wave video

 

Share: Feed news

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Recommended content


Recommended content

Editors’ Picks

EUR/USD maintains position above 1.0800 near four-month highs

EUR/USD maintains position above 1.0800 near four-month highs

EUR/USD edges higher after registering losses in the previous session trading around 1.0810 during the Asian hours on Friday. The pair gains ground as the US Dollar loses ground, driven by falling Treasury yields as markets anticipate more aggressive Fed rate cuts this year amid US growth concerns.

EUR/USD News
GBP/USD steadies around 1.2900 as traders adopt caution ahead of US Nonfarm Payrolls

GBP/USD steadies around 1.2900 as traders adopt caution ahead of US Nonfarm Payrolls

GBP/USD holds little gains after registering losses in the previous session, trading around 1.2880 during the Asian hours on Friday. The pair steadies as traders adopt caution ahead of the US Nonfarm Payrolls report scheduled to be released later in the North American session.

GBP/USD News
Gold price extends its consolidative price move above $2,900 ahead of US NFP

Gold price extends its consolidative price move above $2,900 ahead of US NFP

Gold price remains confined in a range on Friday as traders keenly await the US NFP release. Rising trade tensions, the risk-off mood, and a weaker USD lend support to the precious metal. Bets for more interest rate cuts by the Fed contribute to limiting losses for the XAU/USD pair.

Gold News
Nonfarm Payrolls forecast: US job growth set to rebound in February after weak January data

Nonfarm Payrolls forecast: US job growth set to rebound in February after weak January data

Nonfarm Payrolls are expected to rise by 160K in February, following the 143K increase reported in January. The Unemployment Rate is forecast to remain unchanged at 4%. 

Read more
Make Europe great again? Germany’s fiscal shift is redefining the European investment playbook

Make Europe great again? Germany’s fiscal shift is redefining the European investment playbook

For years, Europe has been synonymous with slow growth, fiscal austerity, and an overreliance on monetary policy to keep its economic engine running. But a major shift is now underway. Germany, long the poster child of fiscal discipline, is cracking open the purse strings, and the ripple effects could be huge.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025