Signal NETFLIX Sell — H4 - May 29, 2026 16:07 GMT-4
The H4 chart of NETFLIX displays a clear bearish trend with consecutive lower highs and lows, indicating weakening bullish momentum. Recent price action has been consolidating near key support levels, but the close at 86.05 marks a critical breakdown below the previous consolidation range, suggesting renewed downward pressure. Volume on this candle is moderate, aligning with the consolidation phase, though lower than prior spikes, which may imply diminished buying interest. The price has been retracing from a prior high of 94.37, with multiple resistance levels failing to hold, creating a descending structure. The current setup shows a potential continuation of…