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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.