Jun. 15 at 7:44 PM
$NFLX 🌊 NFLX Elliott Wave
Count: A five-wave decline appears complete. From the
$134 pivot (Jun 2025), NFLX traced wave 1 to
$115, wave 2 to
$126, an extended wave 3 to
$76 (Feb 2026), a wave-4 bounce to
$108, and wave 5 to
$80.
Wave 5 (
$80) held above the wave-3 low (
$76) — a truncated fifth, which often hints at underlying strength and a sharper reversal.
Prediction: with the impulse complete, expect a corrective A-B-C rebound. First objective
$103 (38.2%), then
$109 (50%), with scope to
$116 (61.8%) if it extends. Spot is
$81.54.
Invalidation: a daily close back below
$76 (the wave-3 extreme) would void the reversal and reopen the prior trend.
Alternate: if the larger degree is still corrective, the 50% area could cap a B-wave before another leg — watch how price reacts at that line.
Heuristic count from automated pivots — educational, not financial advice. Elliott counts are subjective and can revise.
