NFLX (Netflix) CFD – 4H Chart Analysis

$NFLX ‌
The chart shows a clear downtrend from ~88.70, with price now consolidating near 81.90, just above the Lower Bollinger Band (LB: 79.98). Key observations:
Bollinger Bands are wide and sloping down — bearish momentum
SuperTrend (10,3): 83.91 is above price — still in sell signal territory
MACD is near zero (0.07) with DIF (-1.15) and DEA (-1.23) both negative — bearish, but flattening
Price is bouncing slightly off the 81.00 support level
The Middle Band (MB: 82.77) is acting as immediate resistance
The trend remains bearish, but MACD flattening + price holding 81.00 suggests a potential short-term bounce before continuation down.
📊 Trade Plan

Bearish (Primary)
Bullish Bounce (Counter)
Entry
Break & close below 81.00
Hold above 81.00, reclaim 82.77
Target
79.98 (Lower BB) → 78.91
83.91 (SuperTrend) → 85.06
Stop Loss
83.00
80.30
R:R
~1:2
~1:1.5
Bias: Bearish — only consider longs if price reclaims the MB (82.77) with strong candle closes.