Technical conditions for Netflix (NFLX) shares have been deteriorating for several weeks now. After spending the first half of 2021 stuck in a sideways range, the shares staged a summer rally which peaked in November just short of $700.00 Since then, the shares have been under distribution, staging a series of Double Bottom breakdowns on November 30th, December 14th, and January 5th, two of which led into extended Low Pole declines.
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