Netflix – Trend Reversal and Impulsive Setup#Netflix – Trend Reversal and Impulsive Setup
Current price: $1,215.6
Netflix is showing early signs of a trend reversal after completing a multi-month corrective phase. The structure suggests a shift toward a new impulsive rally within the broader bullish framework.
🧩 Technical Overview
• After a prolonged pullback from the June highs, price found support near $1,130, forming a local base.
• The descending channel was broken to the upside — a signal of potential momentum change.
• Price is now consolidating above the breakout zone, building the foundation for an upward impulse.
📈 Scenario
• The structure resembles the start of a new impulsive leg following the correction.
• As long as the market holds above $1,130, bullish continuation remains the dominant view.
• Stop-loss: below the recent swing low at $1,130.
• Upside targets:
– $1,250–$1,270 – short-term retest of breakout zone
– $1,340–$1,380 – key resistance and mid-cycle confirmation zone
– $1,470–$1,550 – major Fibonacci target range
– $1,670+ – extended bullish objective if momentum accelerates
⚙️ Market Context
• The broader trend remains constructive as long as price stays above the breakout structure.
• Momentum shift coincides with improving sentiment across large-cap techs.
• A sustained move above $1,340 would confirm renewed strength and open the path toward the $1,500 area.
🧭 Summary
Netflix has likely completed its corrective phase and is preparing for a new upside cycle.
Holding above $1,130 keeps the bullish bias intact, while a breakout above $1,340–$1,380 would confirm trend continuation toward $1,470–$1,550 and beyond.
