Welcome to my new analysis of NFLX. The NFLX price action already determined a heavily bearishly inclined bear-market wave towards the downside printing a bearish wave of over -70% and liquidating a ton load of bull-trapped positions with the crucial bearish wave A. Now, NFLX is in this meager uptrend which is not anything than a next continuation pattern as the volume is decreasing and the institutional smart money operator's short-side positions increased heavily.
Now, NFLX is already approaching the crucial upper distribution resistance channel within the gigantic bearish descending channel formation from where the next bearish wave towards the downside is likely to emerge next. In this case, the next bearish wave acceleration phase is going to happen when NFLX breaks out below the 100-EMA which will be the last frontier to the massive bearish determinations to follow once this breakout happened.
With the huge ascending wedge formation that NFLX formed before the bear market decline, NFLX already set the origin of this bearishly inclined structure. This means that with the current weak uptrend that has no volume, no momentum, and no smart money backing the final bearish bear flag breakout is more than overwhelmingly likely. Once this breakout has been activated it is going to be the origin of the bearish expansion wave C towards the lower levels.
Taking all these factors into consideration NFLX is definitely a bearish inclined stock currently and the major disruptional bearish momentum continuations are likely to emerge anytime soon. In this case, it is necessary to approach the short-side opportunity appropriately, a potential entry setup has already formed as the volume declines more and more and NFLX already finalized the bear flag formation. Because of the significance of this whole bearishly inclined determination, I am keeping NFLX on the short candidate's watchlist.
Thank you everybody for watching my idea about NFLX. Support from your side is greatly appreciated. "In a bear market, you have to use sharp countertrend rallies to sell."
VP
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UPDATE: NFLX bearish market sentiment is increasing massively putting NFLX on the short side because many market operators are determining more bearish sentiment indications.
NFLX with further increased bear volume indicates many market operators to aim for huge liquidations. In this case, it is highly necessary to stay on the right side of the market.
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ANALYSIS UPDATE: NFLX formed massive bearish momentum accelerations on the 4-hour timeframe perspectives.
NFLX is now setting up the distribution channel breakout with the next targets to be activated.