Netflix (NFLX) - Preparing for the Next Upward Move

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.