What chart pattern is ChartPattern.io tracking on Netflix?
ChartPattern.io is currently tracking Descending Triangle on Netflix in the Communication Services stock.
Live Communication Services stock scanner page for Netflix. Review the descending triangle setup, chart structure, and trade levels in one place.
Traders are watching Netflix (NFLX) as price action tightens. Currently at $63.9, the asset is showing downward momentum (-2.96%). Our AI has detected a valid Descending Triangle pattern. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $62.87, targeting $46.25 with support near $73.07 (R:R 1.63).
NFLX is part of the Communication Services stock on ChartPattern.io. The scanner currently highlights Descending Triangle as the leading setup, with an entry near $62.87, a stop around $73.07, and a target near $46.25.
Descending Triangle
64/100 CP Index
Entry $62.87 · Stop $73.07 · Target $46.25
Will the Descending Triangle hold or fail? Plot your targets on the chart.
Bearish continuation pattern.
What is your outlook on NFLX?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on NFLX.
ChartPattern.io is currently tracking Descending Triangle on Netflix in the Communication Services stock.
The current trade plan points to an entry near $62.87, a stop near $73.07, and a target near $46.25.
Netflix currently leans bullish. The page is showing a CP Index of 64/100, which helps summarize the current technical setup.