The price is in correction, the probability of growth remains.

On the daily chart, the ascending third wave of the higher-level (3) of C has formed, the correction as the fourth wave (4) of C has been completed, and the fifth wave (5) of C is currently being formed. On the four-hour timeframe, the first wave of a lower degree wave 1 of (5) has appeared, while the correction in the form of wave 2 of (5) is nearing completion, alongside the development of wave c of wave 2. If this scenario proves correct, the asset’s upward trend is expected to continue toward the 109.20–125.50 zone, with a critical stop loss level at 74.90.

Shares of Netflix Inc., an American entertainment company and streaming service for movies and TV series, are trading at 88.00.