Multi-Timeframe Confluence on NFLX – Trendline Respect

I’m basing my decision on the confluence between the daily and weekly trendlines. Price is currently respecting both structures, which adds strong technical validity to the setup. When a ticker aligns on higher timeframes—especially the 1-day and 1-week—it usually signals a higher-probability move because these levels are watched by larger players and institutions.

For NFLX around 100.07, the rejection and respect of these trendlines support the idea that the market is acknowledging these zones as meaningful levels. That’s the core reason behind my decision.