The recent price action on NETFLIX (H1) has been characterized by a series of lower highs and lower lows, indicating a strong downtrend. The last candlestick formation, a bearish engulfing pattern, confirmed the continuation of this downtrend. The decrease in volume during this period suggests that the bears have been struggling to gain significant traction, which could indicate a potential reversal. However, the relative strength index (RSI) remains in oversold territory, suggesting that the bears have not yet exhausted their momentum. A break below the support level at 92.07 could trigger a more significant sell-off, potentially targeting the 88.97 level.…

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