Showing a H&S on daily chart here .
If we break below 308 we are headed for 275...
The reason I'm saying 308 is because that's where Nflx 200ema is. It's over sold on daily CCI and it's also riding lower bbands so this isn't my type of short .
I prefer door number 2 where we bounce and rally back to 350 then kick off a double top correction .
Either way NFLX is bearish if it can't reclaim 330 soon
If we break below 308 we are headed for 275...
The reason I'm saying 308 is because that's where Nflx 200ema is. It's over sold on daily CCI and it's also riding lower bbands so this isn't my type of short .
I prefer door number 2 where we bounce and rally back to 350 then kick off a double top correction .
Either way NFLX is bearish if it can't reclaim 330 soon
