Details: Looking for upside into wave (5) towards Trading Level 1 at 1000$. We seem to be missing another larger pullback in wave 4 before resuming higher into ave 5 of (5).

NFLX Elliott Wave technical analysis – Daily chart

The daily chart suggests that wave 3 of (5) is progressing, with the stock aiming for further upside towards TradingLevel1 at $1000. However, before this target is reached, a larger pullback is expected in wave 4, which would then set the stage for a final advance into wave 5 of (5). This corrective phase will offer a more sustainable foundation for the next leg higher.

Netflix Inc., (NFLX) one-hour chart.

NFLX Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Position: Wave {b} of 4.

Direction: Bottom in wave {c}.

Details: Looking for another leg lower into wave {c} of 4 as we could have a top in wave {v} as we have a perfect match with the parallel base channel of {ii} and {iv}.

NFLX Elliott Wave technical analysis – One-hour chart

On the 1-hour chart, wave {b} of 4 is developing, and the analysis suggests another leg down into wave {c} of 4. There appears to be a potential top in wave {v}, and the current move down could lead to a bottom within the parallel base channel created by waves {ii} and {iv}. This decline would complete the corrective structure, paving the way for the next upside movement.

In this Elliott Wave analysis, we will review the trend structure of Netflix Inc., (NFLX) using both the daily and 1-hour charts to assess the current wave position and potential price movements.

Netflix Inc. (NFLX) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

AUD/USD remains above 0.7200 after China's trade data

AUD/USD sits above 0.7200 in the Asian session on Tuesday, near its highest level since May 14. The US Dollar stays under pressure as a rallying Japanese Yen outweighs support from hawkish Fed bets and geopolitical tensions. This, along with firming expectations for another RBA rate hike later this month, acts as a tailwind for the Aussie. However, mixed China trade balance data keep the pair restricted.

USD/JPY stabilizes at around 154.00 as markets assess BoJ outlook

USD/JPY fluctuates at around 154.00 in the American session on Tuesday after rebounding from the six-month low it touched below 153.00 earlier in the day. Nevertheless, the upside attempts resemble technical corrections for now as Japan's upbeat wage growth data and Q2 GDP revision cement bets on a BoJ rate hike next week and continue to support the Japanese Yen.

Gold holds around $4,400, but for how long?

Gold (XAU/USD) remains on the back foot during American trading hours on Tuesday, even as the US Dollar (USD) remains on the defensive. Rising Oil prices and expectations of a Federal Reserve (Fed) rate hike weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.

XRP ticks up as bullish derivatives, EMA support signal breakout

Ripple (XRP) is grinding upward and getting closer to a short-term breakout above $1.40 on Tuesday. This uptick follows the remittance token's defense of support at $1.38, after a short-lived attempt to breach selling pressure at $1.50 last week.

Europe in focus: September 2026

Six major net contributors demanded substantial cuts to the European Commission’s proposed 2028–2034 EU budget. Germany, Denmark, the Netherlands, Austria, Finland and Sweden issued a joint position on 27 August calling for the nearly €2 trillion proposal to be reduced by several hundred billion euros and rejecting additional common EU borrowing.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.