For $NFLX , everything currently comes down to two scenarios.
First — the price holds the 1.618 level on the trend Fibonacci and starts a new wave of growth with the nearest targets of 66 → 68 → 70.
Second — the market first drops deeper to the 2.00 Fibonacci level, gathers liquidity, and only then reverses with the same targets: 66 → 68 → 70.
In both cases, the key question right now is the same — exactly where buyers will decide to take over the initiative.
The next sessions may provide the answer.
#NFLX #Stocks
First — the price holds the 1.618 level on the trend Fibonacci and starts a new wave of growth with the nearest targets of 66 → 68 → 70.
Second — the market first drops deeper to the 2.00 Fibonacci level, gathers liquidity, and only then reverses with the same targets: 66 → 68 → 70.
In both cases, the key question right now is the same — exactly where buyers will decide to take over the initiative.
The next sessions may provide the answer.
#NFLX #Stocks