$NFLX next target $148

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NFLX just rejected resistance in the $300 for the second time and has fallen back below. It looks like price has formed a rising wedge of sorts and upon a breakout fo the structure, would see a breakdown to the $250 range.

However, I don't think that will be the low as price has never tested that $250 support. I think it's likely that we'll break that support area and take out the previous lows ~170ish before bottoming in the $148 region. Let's see how it plays out.

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ملاحظة

There's also a chance, that it could blow through $148 and bottom at $104. Let's see what happens when price breaks $250 first.

٢٩ نوفمبر ٢٠٢٢

ملاحظة

Breaking down from the structure now.