Categories: Technical analysis

NFLX Wave Analysis – 18 April 2025

NFLX: ⬆️ Buy

– NFLX broke weekly down channel

– Likely to rise to resistance level 1000.00

NFLX recently broke the resistance trendline of the weekly down channel from February, which enclosed the previous primary ABC correction 4, as can be seen below.

The breakout of this down channel accelerated the active impulse wave 1, which belongs to the primary upward impulse wave 5 from the start of April.

Given the clear daily uptrend, NFLX can be expected to rise to the next round resistance level 1000.00, top of the previous wave (B).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: NFLX

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