Signal NETFLIX Sell — H4 - June 3, 2026 01:28 GMT-4
The H4 chart of NETFLIX reveals a strong downtrend characterized by consecutive lower highs and lows, with key support levels at 86.37 and 83.33 acting as critical psychological barriers. The recent close at 83.33 marks a significant low, suggesting potential exhaustion of bearish momentum. However, the volume on this candle (4545) is notably lower than preceding consolidation phases, indicating reduced participation and possible reversal risk. The prior break below 86.37 (SL) confirmed the downtrend, but the current formation near this level shows a retest with weak volume, hinting at indecision. The price has been consolidating within a narrow range, with…