Even further down for Netflix? Could be so...

NFLX is one of the big names that has had a tremendous bull run the past year. But after touching $485 only just a month ago, and falling with the rest of tech on the most recent pullback, NFLX currently sits at $404.53 per share and looks to be on the verge of an even larger move down.
Here we see a head-n-shoulders pattern with the pattern already beginning to follow through. Not saying NFLX is doomed, but this is something to keep an eye on.

If the head-n-shoulder pattern plays out, look for a drop to $360ish.

Commentaire:

Seems we are bouncing from a support before this pattern plays out