NETFLIX: Pullback and ReboundNetflix, Inc.NASDAQ:NFLXHKCM_GlobalWhat’s Changed? Since our last update, Netflix stock initially dipped further into our blue Long-Term Entry Range ($96.27–$75.19), but then rebounded to the upper edge of that range. Primary Scenario We continue to view NFLX as being in a major correction, so we expect more significant sell-offs over the long term. However, the price should see a temporary recovery first, as it recently established a more pronounced low within our blue Long-Term Entry Range ($96.27–$75.19). After a move above the Entry Range ($96.27–$75.19), we anticipate further declines. Alternative Scenario In our alternative scenario, NFLX may have already established a long-term low within our blue Long-Term Entry Range ($96.27–$75.19). In this case, the price would continue rising immediately and initially break through resistance at $114.14 and $134.12 (probability: 25%).