NFLX Finally Topping?

All indications point to a major top in NFLX.

We'll start from the macro and work down to the micro. Remember, rarely do we see "V" shaped reversals, NFLX is more likely to form some version of a top pattern, which should present some swing trade opportunities until the top finally breaks, then we'll probably be looking at some trending opportunities.

 This type of confirmation in 3C is not coincidental (at the green arrow, making higher highs with price), therefore it stands to reason that this negative divergence should be taken seriously as a major distribution cycle on this 4-day 3C chart.

 We see the same distribution on the 2 day 3C hart of NFLX and roughly throughout the same period.

 The hourly chart reveals the recent Swing trend which was broken on Friday was under heavy distribution.

 The 30 min chart shows some more detal and it seems the intraday new highs were sold off hard.

 The 15 min chart tends to confirm this as well

The 10-min chart is suggesting a bounce, tops are always volatile and we can expect some countertrend swing trade opportunities as well a swing trades with the major trend, until the top forms and breaks, then we'll likely be looking at an outstanding trend trade.

There's a lot of confirmation on these charts, I would certainly keep NFLX on you radar screen as it will be on mine.