NFLX: Bullish Cypher Pattern Reaches a VWAPNetflix, Inc.BATS:NFLXpricewerkNetflix is testing a technically relevant Potential Reversal Zone on the 4H chart. The current decline has reached the projected Point D area of a bullish Cypher structure, with the 78.60% XC completion marked at 82.234 USD. The setup deserves attention because the harmonic completion overlaps closely with the VWAP area. A confirmed reversal is not yet present. Structure The dominant formation is a bullish Cypher pattern. Following the completion of the C-point above the previous structural high, the extended C–D leg has returned price into the projected reversal area. The broader PRZ extends from 79.037 to 87.949 USD. Inside this zone, the 78.60% XC Cypher completion at 82.234 USD represents the core harmonic reference level. Price is currently testing this area almost precisely. Confluence The most relevant confluence is the overlap between the Cypher completion and the slightly rising VWAP, which is currently located near 81.947 USD. This creates a clearly defined technical area in which a bullish reaction may develop. The VWAP should not be treated as an isolated entry signal. Its relevance comes from the combination with the harmonic Point D cluster and the broader PRZ. Primary Scenario A constructive stabilization around the 82.234 USD Cypher completion, followed by acceptance above the VWAP area, would strengthen the bullish scenario. If buyers establish a visible reaction from the PRZ, an initial mean-reversion move toward 91.639 USD becomes technically plausible. Further objectives are located at 98.159 USD and 102.800 USD. The extended objective at 108.712 USD would become relevant only if the recovery develops sufficient momentum. Alternative Scenario If price fails to stabilize around the Cypher completion and the VWAP does not provide support, the lower part of the PRZ remains relevant. In that case, a deeper test toward 79.037 USD should be considered before assuming that the bullish structure has failed. A sustained move through the lower PRZ boundary would materially weaken the setup and increase the risk of a continuation toward the invalidation level. Invalidation The bullish scenario is technically invalidated by a decisive break below 73.990 USD. Conclusion NFLX has reached a relevant harmonic decision zone. The overlap between the bullish Cypher completion and the VWAP area provides a structured basis for monitoring a possible mean-reversion move. The setup remains observational until a visible bullish reaction and technical confirmation are present. The PRZ defines the area of interest; it does not guarantee a reversal. Risk Notice This publication is general market analysis and not a personal recommendation. Technical scenarios can fail. Independent risk assessment and position sizing remain essential.