The recent correction in DIS ended at the upper resistance zone of the rising window. Nice bullish sash confirming resistance, with target at last major high.
The Bullish sash enables a tight stop loss, right below the lowest low of both candles.
A long resistance level (back in Nov 2018) holds again and the stock is confirming this with a bearish engulfing pattern.
Don't like the window below (potential resistance) but at least I can enter with a very tight stop.
Netflix formed a bearish engulfing today, showing problems closing the big gap from a few months ago. Looks like its running against strong resistance from above.
If NFLX can not close this gap, the downside is wide open and a long move down looks probable.