Published by Wavervanir_International_LLC | May 7, 2025
Netflix appears to be completing a major Wave (3) cycle at the 1.0 Fib extension level (~$1,159), following textbook Elliott Wave structure with deep retracements and strong impulsive legs.
🔍 Technical Breakdown:
Wave (1) topped near the 0.618 Fib level at ~$770.
Wave (2) retraced deep, bottoming just above $178 (78.6%+ retracement).
Wave (3) extended aggressively, now stalling near Fib confluence zones around 1.0–1.236 levels (~$1,159–$1,244).
⚠️ What’s Next?
A corrective Wave (4) could now be in play, with downside risk toward the $700–$750 zone. This area aligns with the previous Wave (1) top and a 0.382–0.5 retracement of Wave (3), which is typical for Wave (4) pullbacks.
🚀 If this structure holds, Wave (5) targets extend to $1,400–$1,540, matching the 1.618–2.0 Fib extension zones, completing a long-term impulsive cycle.
🧠 Strategic Outlook:
Buy Zone: $700–$750 (Wave 4 opportunity)
Target Zone: $1,400+ (Wave 5 expansion)
Invalidation: Break below $622 or breach of Wave (1) top on weekly close
📊 This is a macro thesis built on momentum, structural symmetry, and Fibonacci precision. Not financial advice—use proper risk management.
#NFLX #ElliottWave #Fibonacci #TechnicalAnalysis #Wavervanir #TradingView #SwingTrading #GrowthStocks #LongTermInvesting
Netflix appears to be completing a major Wave (3) cycle at the 1.0 Fib extension level (~$1,159), following textbook Elliott Wave structure with deep retracements and strong impulsive legs.
🔍 Technical Breakdown:
Wave (1) topped near the 0.618 Fib level at ~$770.
Wave (2) retraced deep, bottoming just above $178 (78.6%+ retracement).
Wave (3) extended aggressively, now stalling near Fib confluence zones around 1.0–1.236 levels (~$1,159–$1,244).
⚠️ What’s Next?
A corrective Wave (4) could now be in play, with downside risk toward the $700–$750 zone. This area aligns with the previous Wave (1) top and a 0.382–0.5 retracement of Wave (3), which is typical for Wave (4) pullbacks.
🚀 If this structure holds, Wave (5) targets extend to $1,400–$1,540, matching the 1.618–2.0 Fib extension zones, completing a long-term impulsive cycle.
🧠 Strategic Outlook:
Buy Zone: $700–$750 (Wave 4 opportunity)
Target Zone: $1,400+ (Wave 5 expansion)
Invalidation: Break below $622 or breach of Wave (1) top on weekly close
📊 This is a macro thesis built on momentum, structural symmetry, and Fibonacci precision. Not financial advice—use proper risk management.
#NFLX #ElliottWave #Fibonacci #TechnicalAnalysis #Wavervanir #TradingView #SwingTrading #GrowthStocks #LongTermInvesting
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.