NFLX broke below an ascending wedge, so I'm looking for a move down to a previous area of support that was also an important resistance level in the past. There will also be trendline support in that area, so it could be a great long. If it breaks to the downside, that could leak to a quick flush.
Comment:
This has worked out great so far. NFLX had a perfect bounce right at the previous ATH. We'll see if it's a temporary bounce here or if it's going to move back towards a new ATH. I vote temporary for now.
