NFLX reacted to the ATH double top resistance. Big green candle printed near previous ATH + double top resistance - now support (good accumulation zone). Now there is the journey to fight though the current resistance, and challenge ATH once more.
* RSI has been a slight leading indicator for the current bull trend around 42-44. *
The other scenario is that NFLX never gets back on the bull trend support line, and creates a new trend in price action.
* RSI has been a slight leading indicator for the current bull trend around 42-44. *
The other scenario is that NFLX never gets back on the bull trend support line, and creates a new trend in price action.