The price is in correction and could grow.

On the daily chart, the upward third wave of higher degree (3) of C, a correction as the fourth wave (4) of C, and the third wave C of (4) have formed. Currently, the fifth wave (5) of C has begun, within which the leading first wave of lower degree i of 1 of (5) has ended, and the correction as the second wave ii of 1 of (5) is ending. If the assumption is correct, after its completion, Netflix Inc. shares will rise to the area of 109.20–134.30. The critical stop loss level for this scenario is 64.85.

Netflix Inc. Shares, an American entertainment company as well as a streaming service for movies and TV series, are trading at 76.00.