Signal NETFLIX Sell — H4 - May 30, 2026 07:04 GMT-4
The H4 chart of NETFLIX displays a clear downtrend with key support at 86.05 and resistance at 88.1. Recent price action has been characterized by lower highs and lows, with the last three closes forming a descending pattern. The entry near 86.05 coincides with a consolidation phase following a sharp decline, where volume has contracted, suggesting potential exhaustion of bullish momentum. The recent bullish retracement to 88.1 failed to sustain, indicating weakness. The sell signal aligns with the breakdown below the 86.05 support level, which has acted as a psychological barrier. Volume on the entry candle is moderate, but the…