Signal NETFLIX Sell — H4 - June 3, 2026 02:59 GMT-4
Signal closed at take profit
On the H4 timeframe for NETFLIX, the price has been consolidating within a descending channel, with key support forming at the recent low of 83.33. The prior bullish rally failed to hold above the 86.37 level, which now acts as a critical resistance-turned-trap. Multiple lower highs and lower lows indicate a clear bearish trend, with volume spikes on the latest candles (notably 8114 and 7075) confirming strong selling pressure. The close at 83.33 marks a decisive breakdown below the 85.76-86.37 consolidation range, invalidating any bullish momentum. This setup suggests a high probability of continuation toward the 76.85 target, as the…