NFLX Bearish Trading Setup – Entry $1,227 | Target $1,147

Ticker: Netflix (NFLX)

Timeframe: 2H (2-hour chart)

Current Price: $1,170.34

Chart Pattern: Descending channel (bearish trend continuation setup).

📉 Key Levels

Entry Point: $1,227.34

Marked as the level where price might retrace before resuming downward.

Stop Loss: $1,243.31

Positioned above the support/resistance flip zone to protect from false breakouts.

Target Point (LABA): $1,147.19

Expected downside target if the bearish move continues.

🧩 Technical Structure

The chart shows price moving within a descending channel.

The current price ($1,170.34) is near the lower boundary of the channel.

The analysis suggests a possible retracement (pullback) upward toward the support zone (blue area) before continuing the downtrend.

The blue box zone ($1,227 – $1,243) is a critical liquidity zone / resistance area, expected to reject price lower.

📊 Trading Plan (as per chart)

Sell/Short Setup:

Wait for retracement into the blue resistance zone ($1,227 – $1,243).

Enter short around $1,227.

Place Stop Loss above $1,243.

Take Profit near $1,147.

Risk/Reward:

Risk = ~ $16 (1,243 – 1,227).

Reward = ~ $80 (1,227 – 1,147).

Approx. R:R ratio = 1:5 (highly favorable).

✅ Summary:
This chart suggests Netflix (NFLX) is in a downtrend within a descending channel. A pullback to the $1,227–$1,243 zone could offer a shorting opportunity targeting $1,147, with a strong risk/reward ratio.