As of May 22, 2026, NFLX (Netflix, Inc.) is in a bottoming attempt state on the monthly chart, with a confidence level of 62%. Key support is at $76.6 and key resistance at $94.4. Monthly pullback from ~$130s peak; last close ~$88.60 sits below EMA20 (~$94.43) but still above rising EMA50 (~$76.60); momentum cooled (RSI14 ~49).
Base-building above EMA50 ($76–$80) followed by a reclaim of EMA20 and a grind back to the prior breakdown zone; this maps to an Elliott ABC correction finishing and starting a new impulse (early Wave 1) if $94 is reclaimed.
Failure to hold the EMA50 leads to a deeper corrective leg (larger Wave C) toward the next confluence of MA support (EMA100/SMA50 area).
2+ monthly closes back above $94 (reclaim EMA20 area)
Monthly close below $76 (break/lose EMA50 and prior swing-support zone)
Start near rising EMA50 support; add on a controlled breakdown/retest of EMA50; heavy add only at deeper MA confluence near SMA50/EMA100 where a larger ABC would likely terminate.
Trim into prior supply/failed-high region ($110–$135); close if price becomes stretched into new highs well above trend MAs where late-cycle (Wave 5 / extension) risk rises.
As of May 22, 2026, NFLX (Netflix, Inc.) is in a bottoming attempt state on the monthly chart with 62% confidence. Monthly pullback from ~$130s peak; last close ~$88.60 sits below EMA20 (~$94.43) but still above rising EMA50 (~$76.60); momentum cooled (RSI14 ~49).
On the monthly timeframe, NFLX has key support at $76.6 and key resistance at $94.4. The most likely scenario (bullish) targets $94.5 and $110, with a revert level at $88.0.
NFLX (Netflix, Inc.) is currently classified as bottoming attempt on the monthly chart, with 62% confidence. Confirmation requires: 2+ monthly closes back above $94 (reclaim EMA20 area) This would be invalidated by: Monthly close below $76 (break/lose EMA50 and prior swing-support zone)
The most likely scenario (bullish) targets $94.5 and $110, with a revert level at $88.0. The alternative scenario (bearish) targets $76.0 and $66.0.
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