From the daily chart, looking at the ever strong Resistance of $557 Supply level that has been rejected more than 5 times since IPO, indicates that NFLX might be rejected once again. At 1HR chart, we can also see a triple top rejection at $556/$557 during the day. RSI is highly oversold. Expecting a downwards rejection on the strong resistance. However, if Nasdaq is performing well, this could be an opportunity of breaking out. Monitor closely on the next candle volume and price action. Nasdaq strong push is essential.
Just noticed your post is 5 days old. My bad you were right that it did make a rejection before bounce to upside.
manifresca
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You may be right but that looks more like an Inverse H&S near the top as opposed to the bottom. Those can pop to the upside. Typically that many touches of resistance and I'd lean toward a breakout but again you may be right another rejection is very possible. Also trip tops have a neckline which in the chart would be a whacky looking neckline. Good luck either way! Get ze moneyz! :)