Potential for small bounce, but still Bearish

Netflix is down 22% from its high in November. There is a lot of downward momentum/pressure in this move and market structure is broken. Price has returned to the most recent Supply Zone, we've entered my "buy" zone, and sellers are ready to take a break--for now. I think a small bounce could happen from this level, but I'm expecting bearish momentum to carry the price deeper into the Supply Zone. I certainly wouldn't short here, but given all the negative energy, I'm not interested in NFLX until I see bullish divergence.

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These are my personal views and not financial advice. Please do your own research before investing.

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