NFLX has been struggling for months to make new highs. Now testing a CRUCIAL support zone $1061.79-1081.84 Look for a clean Bounce or a reclaim if it falls through.

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In front of us is a daily chart of Netflix, and at first glance, you might think we’re staring at a straightforward top. But there’s more going on beneath the surface. 📉 Daily Chart Insight We’re currently sitting at the bottom of a parallel down channel. That’s not just noise—it’s a potential inflection point. If price respects this lower boundary, we could see a rebound. To invalidate that idea, we’d need a daily close below ~1067, the base of the channel. 📆 Weekly Chart Confirmation Zooming out reveals two more confluences: • 🔁 23.6% Fibonacci retracement from the May 22 to July 25 move lands at 1065. • 📊 55-week moving average—a long-standing support—currently sits at 1060. 🧱 Add to that the February 2025 swing high at 1064, and we’ve got a cluster of support between 1060–1067. This zone has held before and could do so again. 📈 If price rebounds and breaks above 1142, we’re back in the middle of the range—and this setup starts to look more like a continuation than a top. 🔍 Watch this area closely. A decisive break below 1060 would shift the narrative. Until then, the bulls may still have a case. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.

The Netflix (NFLX) daily chart shows a well-defined descending channel that started from around $1,350 and remains intact. The price is currently trading near the lower boundary of the channel ($1,080–$1,100) — a critical zone where buyers may attempt to step in or where a potential bullish divergence could form. Short-Term Outlook (next few days to weeks): In the short term, the $1,080 area acts as strong support. If the price manages to hold above this level and bounce back over $1,130, a corrective move toward $1,180–$1,200 is likely — an area that aligns with both the 50-day SMA and the midline of the channel. However, a confirmed breakdown below $1,080 could trigger further downside toward $1,020 or even the lower channel line near $980. • Bullish short-term target: $1,180–$1,200 • Bullish stop loss: Below $1,075 • Bearish short-term target: $1,020–$980 • Bearish stop loss: Above $1,130 Long-Term Outlook (1–3 months): As long as the price remains within the descending channel, the broader trend stays bearish. Yet, the channel is starting to narrow, which often signals a potential end to the correction phase. A breakout above the upper boundary ($1,220–$1,250) with confirmed closes would signal a trend reversal, opening the way toward $1,350–$1,400. Conversely, if the lower channel support around $980 breaks down, the next downside target would be $915. • Bullish long-term target: $1,350–$1,400 • Long-term stop loss: Below $980 In summary, Netflix is sitting at a decisive point within its downtrend channel — holding above $1,080 could spark a short-term rebound, while a breakdown could send the stock below $1,000 toward deeper support levels.

NASDAQ:NFLX is showing a bullish flag and has reached the 0.5 retracement level. It has also tested the 50-week SMA twice, indicating it may be ready for a bounce.

Netflix enters the shortlist this week. A potential buy zone is approaching, with momentum indicators turning interesting. My custom indicator The Wave is flashing a potential long setup, right around the $1,000 area, maybe slightly above. Earnings are already behind us, which clears the way for clean price action. The long-term uptrend that started in late 2023 remains intact. Bullish structure still in place and a possible setup forming for patient swing traders. Let’s see how this zone reacts in the coming weeks.

I think the top has being made and a correction will happens . monthly Macd showing bulls are exahusted history I think meta and nflx are done for a while better staying away from those two if going long but that’s just my opinion .

Sharp drop after earnings ERRANTE:NETFLIX seems to be forming a new bottom around $1,095. Consolidating for some now and a 2b pattern is developing. A lower candle in the same time frame invalidates the pattern. NFA. Good luck

Has it broken the long-term trendline? Is it the correction bottom and a reversal from the channel's lower bound?

Netflix: A Correction Within a Strong Uptrend NASDAQ:NFLX has gone through a lot over the past few years, from huge growth to deep corrections, and lately we’ve seen a (healthy?) 20% pullback that brought the price right to the lower boundary of its long-term ascending channel. At first glance, the break below the $1,150 level looked worrying, and it certainly brought some pessimism to the market . But the area between $1,070 and $1,100 is still a very strong support zone that shouldn’t be ignored. As long as this zone holds, the broader bullish structure remains intact. Let me share a zoom: If the price drops below $1,050, that would be a sign of trouble, it would mean we’ve entered the previous correction zone and broken both key support and the lower line of the channel. That’s where the trade SL its logic, and cutting losses quickly becomes essential l. The downside risk from current levels is roughly 6%, which is acceptable in exchange for the potential upside. On the bright side, the market remains bullish overall . Netflix keeps reinventing itself, improving margins, and showing solid fundamentals. Technically speaking, this correction looks textbook, the current pullback mirrors the size of the previous one (White arrows), and Fibonacci’s 61.8% retracement (blue arrow) level has once again acted as a key pivot point. This kind of pattern is a classic correction, not an impulse. If the stock confirms a rebound from the channel support, the potential is significant: around +20% if price revisits previous highs, and up to +35% if Netflix breaks into new territory. In short: ✅ Strong long-term uptrend still intact ✅ Correction looks healthy and technically clean ⚠️ Support at $1,070–$1,100 must hold 📈 Upside potential 20–35% vs. ~6% downside risk Sometimes, opportunities like this appear only a few times in a cycle, Netflix might be one of them right now.