NETFLIX (
NFLX): Key Technical Zone With Strong Confluence
Netflix has retraced to a notable support area after reaching an all-time high on June 30th, 2025. The current structure suggests a potential continuation of the long-term bullish trend, supported by technical and fundamental developments.
Why This Zone Matters
The current price region aligns with multiple significant technical factors:
1. Ascending Trendline Support
This trendline originated in mid-October 2023 and has repeatedly acted as a strong support throughout the uptrend.
2. $100 Psychological Price Level
Round numbers often serve as key decision zones for market participants, influencing order flow and trader sentiment.
3. Fibonacci 61.8% Retracement Zone
This level aligns closely with the trendline and psychological level, adding strength to the support.
4. Multi-Factor Confluence
The combination of the trendline, Fibonacci level, and psychological support creates a high-value technical confluence area, often associated with trend continuation or major reversals.
Market Catalyst
Recent reports of Netflix acquiring Warner Bros. Discovery add a potential fundamental driver supporting bullish momentum.
Trade Plan
Entry $100
Take Profit 1 $126
Take Profit 2 $133
Stop Loss $92
Risk-to-Reward (TP1) 1:3.3
Risk-to-Reward (TP2) 1:4
This trade plan is based on the TA that price respects the current support confluence and resumes upward momentum.
Trade with care. Please like, share your thoughts, and kindly follow me.
NFLX): Key Technical Zone With Strong ConfluenceNetflix has retraced to a notable support area after reaching an all-time high on June 30th, 2025. The current structure suggests a potential continuation of the long-term bullish trend, supported by technical and fundamental developments.
Why This Zone Matters
The current price region aligns with multiple significant technical factors:
1. Ascending Trendline Support
This trendline originated in mid-October 2023 and has repeatedly acted as a strong support throughout the uptrend.
2. $100 Psychological Price Level
Round numbers often serve as key decision zones for market participants, influencing order flow and trader sentiment.
3. Fibonacci 61.8% Retracement Zone
This level aligns closely with the trendline and psychological level, adding strength to the support.
4. Multi-Factor Confluence
The combination of the trendline, Fibonacci level, and psychological support creates a high-value technical confluence area, often associated with trend continuation or major reversals.
Market Catalyst
Recent reports of Netflix acquiring Warner Bros. Discovery add a potential fundamental driver supporting bullish momentum.
Trade Plan
Entry $100
Take Profit 1 $126
Take Profit 2 $133
Stop Loss $92
Risk-to-Reward (TP1) 1:3.3
Risk-to-Reward (TP2) 1:4
This trade plan is based on the TA that price respects the current support confluence and resumes upward momentum.
Trade with care. Please like, share your thoughts, and kindly follow me.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.