#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.
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.
Sadreddini
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