Signal NETFLIX Sell — M5 - May 8, 2026 17:43 GMT-4
In the context of the 5-minute NETFLIX chart, the current downtrend is supported by the declining momentum, as evident from the lower highs and lower lows in the price action. The recent candlestick patterns, including the bearish engulfing pattern, reinforce the bearish bias. Volume has also been declining, indicating a lack of buying interest, which further confirms the downtrend. The price has been trading below the 20-period moving average, adding to the bearish sentiment. The recent price action suggests that the sellers are in control, and a potential breakdown below the key support level of 87.44 could lead to further…