NFLX Wave Analysis – 18 April 2025

- 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).