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NFLX is coiling inside a rising wedge with no clear trend under a weekly downtrend. It poked below the wedge 1 day ago without closing there. $82.94 ends the wedge, $80.22 resumes the fall.

NFLX · DAILY · read on 2026-09-02 · Poked below $80.22 1 day ago without closing there. Still forming.

What the read found

Trend: lower highs and lower lows over the window, 4 steps across 53 bars — and that run is OVER: price closed above the last lower high 43 bars ago. Do not describe it as a trend that is still running.
Formation: rising wedge — Poked below $80.22 1 day ago without closing there. Still forming.
Decides above: $82.94 (the rising wedge)
Decides below: $80.22 (the rising wedge)
Resistance: $87.50
Support: $82.44
Level history: The last two times price reached $87.50 it held once, bouncing 9.4%, and broke through once.
Level history: The last six times price reached $82.44 it held 4 times, bouncing 7.3% on average.

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Every figure on this page was computed from the real candles up to 2026-09-02. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns