Netflix hits new highs post-tariff war [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

Netflix (NFLX) has surged to a new all-time high, overcoming market jitters sparked by President Trump’s tariff announcements. The stock hit a low of $821.10 on April 7, 2025, during tariff-related volatility but has since rallied in a five-wave impulse pattern, as outlined by Elliott Wave theory—a method used to forecast price trends.

From the April 7 low, Wave (1) peaked at $922.42, followed by a pullback in Wave (2) to $848.53. Netflix then entered Wave (3), which is still unfolding. Within Wave (3), the first sub-wave, Wave 1, reached $951.43, and a corrective Wave 2 ended at $894. Wave 3 of (3) is now in progress, showing a smaller impulsive structure. Within this Wave 3, the first smaller sub-wave, Wave ((i)), hit $992.94, and the pullback in Wave ((ii)) concluded at $949.16.

Wave ((iii)) of 3 is nearing completion, after which a brief dip in Wave ((iv)) should occur. Afterwards, Netflix should rise again in Wave ((v)) to finish Wave 3 of (3). As long as the $848.53 support holds, pullbacks should attract buyers in 3, 7, or 11 swings, paving the way for further upside. Expect additional highs as the bullish trend continues.

Netflix 45-minute Elliott Wave chart

Netflix Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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