Netflix Wave Analysis 25 March 2025

(MENAFN- FxPro)

Netflix: ⬆️ Buy

– Netflix broke resistance zone

– Likely to rise to resistance level 1050.00

Netflix recently broke the resistance zone located between the resistance level 960,00 (former support from February), resistance trendline of the daily down channel from February and the 50% Fibonacci correction of the downward wave 2 from last month.

The breakout of this resistance zone accelerated the active intermediate impulse wave (3).

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Given the clear daily uptrend, Netflix can be expected to rise to the next resistance level 1050.00, target price for the completion of the active impulse wave (3).

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