🔹 NFLX price action is showing a clear bearish shift after breaking below the rising channel structure that supported the previous recovery. Price rejected the 80–82 resistance area and then moved lower through the 76 support zone, turning that region into an important resistance area. The latest candles show continued selling pressure, with price approaching the 68 area while the highlighted liquidity zone around 60–61 remains below. This structure suggests that sellers currently have control of the short-term market structure.
🔸 If the bearish structure remains intact, NFLX could continue toward the highlighted liquidity area around 60–61, particularly if price fails to reclaim the 76 resistance zone. A recovery above resistance could instead bring a retest of the broken structure and change the short-term price action. Traders may wait for clear price confirmation around these key zones before considering any trade. A sustained failure below the liquidity area could indicate further downside structure developing.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
🔸 If the bearish structure remains intact, NFLX could continue toward the highlighted liquidity area around 60–61, particularly if price fails to reclaim the 76 resistance zone. A recovery above resistance could instead bring a retest of the broken structure and change the short-term price action. Traders may wait for clear price confirmation around these key zones before considering any trade. A sustained failure below the liquidity area could indicate further downside structure developing.
This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.
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