NFLX - NetFlix done after the run?

🔱 A break of the WL1 could be the technical short signal 🔱

NetFlix had a monster run.

✅ Here’s a grounded fundamental breakdown of risks that could push Netflix downward. None of these are certainties, instead think of them as warning signs, not predictions.

👉 Slowing subscriber growth – growth in mature markets may plateau, and churn could rise if hit shows underperform.

👉 Rising competition and costs – rivals like Disney+ and Amazon force Netflix to spend more on content, squeezing profit margins.

👉 High valuation risk – expectations are lofty, so even a small earnings miss could trigger a sharp sell-off.


✅ Chart analysis

After missing WL2, we’ve got a Hagopian in play, which I’d say still hasn’t been fulfilled. The line was touched by a few ticks, but usually these lines break more decisively.

🔨 If we open and close below WL1, I’m stalking a pullback to it, just to hit the market on the head. If this break really happens, we’ll also have a clean structure for our stop, placed above the last RealSwing high.

🎯 The target is set in stone for me: It's the U-MLH and beyond, down to the Centerline.

Let’s stay focused and keep our cool.

Happy new week!