Netflix Wave Analysis – 29 April 2025

Netflix : ⬆️ Buy

– Netflix broke key resistance level 1063.40

– Likely to rise to resistance level 1150.00

Netflix recently broke the key resistance level 1063.40 (former multi-month high from February, which stopped the B-wave of the previous ABC correction (B)).

The price just broke the resistance trendline of the weekly up channel from October – which should accelerate the active impulse waves 3 and (5).

Given the clear daily uptrend, Netflix can be expected to rise toward the next resistance level 1150.00, target price for the completion of the active impulse wave 3.

Source: https://fxpro.news