Netflix: Hovering Just Below Key Target Zone

Netflix has rebounded over the past two sessions after falling below the beige Short Target Zone ($1,270–$1,432) and is now trading just beneath it. A renewed push into this range could complete turquoise wave 3, followed by a corrective wave 4 likely dipping below $1,180. Alternatively, with a 33% probability, turquoise wave alt.3 may already have peaked, opening the door for an immediate drop through $1,180. A broader correction in beige wave IV is expected once wave III concludes, before upside resumes in wave V.

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