Netflix (NFLX) is trading within a contracting wedge while facing repeated rejection from the highlighted resistance zone. The lower highs and weakening bullish momentum suggest sellers remain in control.
A confirmed break below the wedge support could trigger a continuation of the bearish move toward the projected support levels.
Key Levels:
* 🔴 Resistance: 74.80 – 75.80
* 🟦 1st Support: 70.00
* 🟦 2nd Support: 66.00
* 📉 Bias: Bearish while below resistance.
A confirmed break below the wedge support could trigger a continuation of the bearish move toward the projected support levels.
Key Levels:
* 🔴 Resistance: 74.80 – 75.80
* 🟦 1st Support: 70.00
* 🟦 2nd Support: 66.00
* 📉 Bias: Bearish while below resistance.
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