Feb. 7 at 3:37 PM
$NFLX
The chart tells a story of two critical days that define the current setup:
1️⃣ Jan 21st (The Break): 40M shares traded in just 1 hour. Massive institutional selling pressure. This confirmed the downtrend as the price failed to break above the channel despite record volume. The bears won that round.
2️⃣ Feb 5th (The Potential 'Make'): A very different signal. High volume (16M) at the
$79.20 lows. The market absorbed the selling pressure and pushed the price back above
$81. This looks like a "Bottoming Tail"—institutions are likely accumulating here.
Bottom Line: We are currently hugging the upper trendline (~
$82.70). While Jan 21st was the 'Break', Feb 5th provided the support needed for a 'Make'. If we close above
$84 with volume, the downtrend is officially over.
Turnaround Tuesday is coming!