14 straight session and NFLX couldn't close above 368.
NFLX along with META, TSLA, and NVDA has had enormous gains in the couple of months;
Coincidentally they suffered the biggest pullbacks late last week.
1.Daily selling pressure increased on NFLX
2. Broke wedge support.
3. Triple top playing out on the hourly.
My short target would be 315 gap close .
Keep in mind , no matter how bearish this setup looks, if CPI causes the market to rally NFLX could move in a bullish direction.
Any stop losses should be a close over 368
NFLX along with META, TSLA, and NVDA has had enormous gains in the couple of months;
Coincidentally they suffered the biggest pullbacks late last week.
1.Daily selling pressure increased on NFLX
2. Broke wedge support.
3. Triple top playing out on the hourly.
My short target would be 315 gap close .
Keep in mind , no matter how bearish this setup looks, if CPI causes the market to rally NFLX could move in a bullish direction.
Any stop losses should be a close over 368
Comment:
Needs to break 353 for the big flush
