A nasty H&S pattern is in place after the recent market sell-offs. From the fundamental perspectives, the mature's market in streaming services has become tightened. A decrease in Q3 Earnings might be a trigger for the stock correction.
Short at risk Target at the baseline around $285 then rally. OBV and MACD show a weakening pattern in volume and price action on the right shoulder in which price rallied but OBV showed a pretty stagnant pattern. MACD showed a lower high and lower low in this period. Expected correction 16.69%.
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NETFLIX Earnings soared through the roof, closed a stop loss