Netflix ( NFLX) Bearish "Island Reversal "

Netflix (NFLX) after breaking out again to new highs last week to 423.21,
today gapped down and created a very Bearish " Island Reversal" on the Daily Chart.

The Pattern is usually associated with a significant top, and the breakdown in the stock now project's down to the 350 area.

The fact that this stock has been the market leader, helped bring down technology stocks across the board, and the Nasdaq 100 today

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Comment:

"Island Reversal" Patterns, are associated with the commodity market, found in Crude Oi land ET'FS like USO, which track it.

They usually occur after a blow off "Exhaustion " move to the Upside,
and signify a top, and the end of the previous trend to the upside.

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