Netflix Wave Analysis – 11 November 2026

Netflix: ⬇️ Sell

– Netflix reversed from resistance zone

– Likely to fall to support level 61.00

Netflix recently reversed down from the resistance zone between the resistance level 66.50 (former strong support from July, which stopped wave 1), the resistance trendline of the daily down channel from the start of September and the 50% Fibonacci correction of the downward impulse from the middle of October.

The downward reversal from this resistance zone completed the short-term correction (ii) and started the active impulse wave (iii) of the impulse wave iii from the middle of October.

Given the clear daily downtrend, Netflix can be expected to fall further toward the next support level 61.00 – which stopped the previous impulse wave (i) at the end of October.