NFLX: Head & Shoulders + Gaps → Bearish Scenario

TradingView2026/04/29 02:21

By:TradingView

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

On the daily timeframe, NFLX is showing a MA crossover along with a developing Head & Shoulders pattern, which supports a bearish outlook.

There are also two gaps below that price may aim to fill, adding more weight to the short scenario.

Targets:

* 75.38 — first target (gap fill area)
* 24.49 — next target after potential breakdown or retest

Overall, the structure suggests a short move, at least as a continuation toward lower levels.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

NFLX: Head & Shoulders + Gaps → Bearish Scenario

You may also like

Crypto prices