2026-06-18 12:39 UTC
Scenario evidence 7 markers Open evidence Close evidence
Recovery stalled at 91.48 and set the ceiling for the next sequence of lower highs.
Evidence Swing high followed by persistent decline through late May and early June.
81.00 was the first notable June low and became the floor of the short consolidation before breakdown.
Evidence Price tested near 81 and bounced, defining the lower edge of the base that later failed.
Bullish bounce closed at 81.67 but could not extend, showing the market was only retesting the underside of the base before sellers hit it.
Evidence One-day recovery was immediately reversed by the next session's wide bearish break.
Large bearish body broke below the June floor and closed near the lower part of the range, signaling acceptance of lower prices.
Evidence Range expansion down from 81.93 to 77.71 with heavy volume and close at 78.72 below VWAP.
Second bearish close pushed to a fresh 60-day low instead of snapping back above the breakdown area.
Evidence Close at 76.96 near the session low, below VWAP, with volume still well above average.
The break of support came with clear participation from sellers, not a quiet drift lower.
Evidence 65.05M volume, about 1.8x recent normal and one of the strongest volume bars in the last two months.
Heavy volume remained elevated on the day after the break, showing continued supply rather than immediate absorption.
Evidence 50.34M volume, about 1.40x 20-day average, while price closed near the low.
Transaction ticket SHORT Open ticket Close ticket
- Entry
- 76.96
- Current
- 76.96
- SL
- 81.00
- TP
- 75.01
NFLX is in an active daily breakdown with confirmed follow-through. Trend structure is lower-high/lower-low, volume validated the break, and price remains below former support now acting as supply, though it is nearing a nearby demand shelf that could slow momentum.
OPEN SHORT
Open short on the active D1 breakdown; price remains below broken June support with high-volume follow-through and no reclaim signal yet.
Price
76.96
PnL
0.00%
Side
SHORT
Open short on the active D1 breakdown; price remains below broken June support with high-volume follow-through and no reclaim signal yet.
OPEN SHORT
Open short on the active D1 breakdown; price remains below broken June support with high-volume follow-through and no reclaim signal yet.
Flat state requires an entry, and the stronger technical side is bearish. Stage2 AT shows a confirmed breakdown regime: the 2026-06-15 bounce failed, 2026-06-16 broke the June base on strong volume, and 2026-06-17 followed through to a fresh 60-day low with another weak close near the session low. Although price is approaching the 75.01-76.0 demand shelf, there is still no bullish reversal or reclaim of 77.71-81.0 supply, so the breakdown thesis remains stronger than the support-bounce thesis.
Stop loss is placed at the June floor reclaim trigger 81.0, where the breakdown thesis would be materially weakened. Take profit is placed at 75.01, the next major support identified in the technical snapshot. No trailing update on entry.
- 2026-06-16 was a bearish breakdown displacement candle that broke the June floor and closed at 78.72 after trading from 81.93 to 77.71.
- 2026-06-16 volume expanded to 65.05M, about 1.8x recent normal, confirming seller participation on the break.
- 2026-06-17 delivered downside follow-through, closing at 76.96 near the session low of 76.76 and below VWAP 77.5122.
- 2026-06-17 volume stayed elevated at 50.34M, about 1.40x 20-day average, showing continued supply rather than immediate absorption.
- The 2026-06-15 bounce to 81.67 failed immediately, supporting 77.71-81.0 as polarity resistance/overhead supply.
Watch whether price breaks cleanly through 76.76 toward 75.01, or instead bounces into 77.71-81.0 and gets rejected versus reclaimed.