NFLX: Head & Shoulders + Gaps → Bearish Scenario
By:TradingView
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On the daily timeframe, NFLX is showing a MA crossover along with a developing Head & Shoulders pattern, which supports a bearish outlook.
There are also two gaps below that price may aim to fill, adding more weight to the short scenario.
Targets:
* 75.38 — first target (gap fill area)
* 24.49 — next target after potential breakdown or retest
Overall, the structure suggests a short move, at least as a continuation toward lower levels.
There are also two gaps below that price may aim to fill, adding more weight to the short scenario.
Targets:
* 75.38 — first target (gap fill area)
* 24.49 — next target after potential breakdown or retest
Overall, the structure suggests a short move, at least as a continuation toward lower levels.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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