NFLX — from Deep Fib Retracement 85$ to 160$Netflix, Inc.BATS:NFLXchalasanirakesh1NFLX — from Deep Fib Retracement 85$ to 160$ NFLX completed a strong impulse move and has since pulled back into a deep Fibonacci retracement while still respecting the broader rising structure. Waiting on the Weekly down trend line to break. Also it is compressing after a deep retracement within a broader bullish structure. The chart favors continuation only upon confirmation. Until the reclaim happens, this remains a watchlist setup—not an active trade. Price retraced into the 0.236–0.382 Fib zone after the prior impulse. Rising trend structure remains intact. Current price is basing near structural support (~85–90 zone). This area acts as a decision zone: hold and reclaim → continuation; lose it → thesis invalidated. Support / Invalidation: ~85 A daily close below this level invalidates the bullish continuation thesis. Reclaim Zone (Trigger): 97–104 This is the critical area (Fib 0.236–0.382). Acceptance above this zone is required for upside continuation. Targets (Fib Extensions): 1.272: ~146 1.618: ~165 2.0: ~184 (stretch target, only if momentum sustains) Trade Logic (IF / THEN) IF NFLX holds above ~85 and reclaims 97–104 with a strong daily close, THEN upside continuation toward 146 → 165 becomes probable. Failure to reclaim the trigger zone or a loss of structural support invalidates the setup. Risk Notes This is a continuation thesis, not a prediction. Expect volatility and potential fake moves near the reclaim zone. Patience is required—confirmation matters more than early entry.