Netflix, Inc.

#NFLX - Weekly Timeframe

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#NFLX
The middle line of the Bollinger Band has provided strong support for a recent bounce. However, there remains a significant chance of a deeper retracement toward the lower band, which aligns with the Weekly Order Block and Fair Value Gap cluster. This bearish outlook would be invalidated if a daily candle closes above the latest weekly high, in which case the upward trend is more likely to continue unfolding.

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