Signal NETFLIX Sell — H4 - June 3, 2026 03:44 GMT-4
The H4 chart of NETFLIX displays a clear downtrend with consecutive lower highs and lows, indicating weakening bullish momentum. Recent price action has been consolidating near the 83.33 level, which acts as a critical support zone. The prior candle closing at 83.33 shows a potential reversal setup, as volume has contracted to 4545, suggesting diminished buying pressure. The 86.37 high, now serving as a key resistance-turned-support, has been tested multiple times but failed to sustain, reinforcing the bearish bias. The current consolidation phase is characterized by a bearish structure, with price hovering below the 83.33 level and forming a descending…