Netflix might be making a sizable triangle of some kind. Be patient on this “buy low, sell high monster”. There’s some obvious lower highs coming in. NFLX is interacting with the 200 SMA on a daily chart. See Figure 1 below.
Understanding the gaps and daily chart let me into this weekly bear call spread.
From here, I don’t know for sure if NFLX rolls over and bounces, But if it does, my edge would still be bullish. Here was my analysis on NFLX from before earnings.
