Chart of the Day for Week of Janauary 19 - Netflix

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Netflix (NFLX) is one of the world’s leading streaming platforms, operating globally across subscription video on demand, advertising-supported tiers, and original content production. After a powerful multi-month advance, price is now undergoing a sharp corrective phase that has brought NFLX back into a critical decision zone on the charts.

What makes this moment notable is not the selloff itself, but where it is occurring. Price has retraced directly into a major Fibonacci and structure confluence that will likely determine whether this is a controlled pullback within a larger trend or the start of a deeper unwind.

Since May 2023, ChartPros has published 700+ Chart of the Day posts designed to help traders learn how to read price with clarity and confidence. As markets evolve, so should the way we study them.

Starting in January 2026, Chart of the Day transitioned to a weekly format. Each featured chart now includes deeper analysis, clearer structure, and more strategic context.

Fewer charts. More focus.

Consistent profitable investing and trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and a performance oriented execution environment create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.

As requested, this analysis takes a pure price action technical analysis approach to assess key levels and potential next price moves.

The 5-Step Charting Process in the NeuroTrading Method®

The 5-Step Charting Process in the NeuroTrading Method® is a structured approach to reading price action with clarity and confidence. This process is designed to eliminate guesswork, reduce noise, and support disciplined execution.

1. Identify Support and Resistance (S/R)
Key levels are marked on the Monthly and Weekly charts, working left to right to establish long-term market structure.

2. Assess Trend Structure
Trend direction is evaluated across timeframes to determine whether price is trending, transitioning, or consolidating.

3. Apply Fibonacci Anchoring
Only Fibonacci levels visible on the chart are used, with anchors placed precisely to highlight reaction zones and extensions.

4. Map Change Control Zones and Supply/Demand
Areas where control shifts between buyers and sellers are identified to define decision points.

5. Develop the Trade Plan
Directional bias, levels of interest, risk parameters, and execution criteria are defined before any trade decision is considered.

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Monthly Chart Insights and Analysis 

On the monthly timeframe, NFLX completed a strong impulsive rally that topped near $134 before reversing sharply. The current decline has brought price back into the 50% retracement of the entire advance, a level that frequently acts as a first major test of trend integrity.

This area is also intersecting with former structural support, making it the most important long-term level on the chart. If buyers can defend this zone, the larger bullish structure remains intact. Failure here opens the door for a deeper retracement toward the 61.8% level near $72.54.

At this point, there is no need to predict. The chart is offering clear reference levels and the next move will be revealed by how price behaves at support.

With plenty of volatility traders have had much to be happy with but long term buy and hold investors have been on a roller coaster ride lately.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart Insights and Analysis 

The weekly chart shows the correction in more detail. After failing to hold above prior highs, NFLX entered a steady sequence of lower highs and lower lows, driving price back toward a well-defined support shelf near $82.

This level aligns with both horizontal structure and a key Fibonacci retracement from the most recent swing higher. It is also a zone where traders should be watching closely for failed breakdown behavior. A rejection and reclaim of this level would signal absorption and potential rotation higher. Clean acceptance below it would suggest continuation toward the next major support zone.

This is a textbook example of why levels matter more than opinions.

As always, patience matters more than prediction.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

Key Takeaway

This weekly Chart of the Day format reflects how successful traders actually operate in a Performance Execution Environment. They do not need more charts. They need better structure, better preparation, and clearer decision frameworks.

Chart of the Day is not going away.
It is leveling up.

So what's next? 

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A ChartPros Briefing on why strategy isn’t the problem and how the right trading environment changes performance. 

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