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.