NETFLIX - Buy The Dip: Confluence Support HoldingNetflix, Inc.BATS:NFLXIMRAN_96NFLX - CURRENT PRICE : 91.82 Netflix is showing a constructive pullback into a confluence support zone, where price is retracing toward the EMA 50 while simultaneously testing the gap-up demand area. The retracement is also holding near the Fibonacci 38.2% golden ratio, which typically acts as a healthy correction within a developing rebound structure. This combination suggests selling pressure is fading and buyers are stepping in at higher levels, increasing the probability of a continuation move. Momentum-wise, RSI has cooled from overbought levels and is stabilizing above midline, indicating pullback rather than trend breakdown. As long as price holds above the support cluster, the structure remains bullish for a move higher. Technical Levels Buy on weakness / near current zone Target 1: 99 USD (EMA 200 test) 🎯 Target 2: 108 USD (next resistance zone) 🚀 Support / Invalidation: 86 USD Risk-Reward: Attractive, with limited downside to 86 vs upside toward 99–108 Overall, the pullback into EMA50 + gap support + 38.2% Fibonacci creates a high-probability technical buy setup, favoring a rebound toward the EMA200 first, followed by a continuation to 108 if momentum builds.