NFLX Update

Friday I posted NFLX Trade Idea Follow Up and what I'm looking for in NFLX which is really just a reversal process, mostly lateral trade forming a "U" shaped reversal at the top of a right shoulder, as mentioned before, so far so good.

Here are the charts, I think NFLX will be ready for a short entry or add to in the next day or so, it's actually pretty much ready now as far as price, it's more just an issue of timing and not having open risk  while waiting for the process to complete.

 This is the 30 min chart, this is where the downside probabilities are, the only thing missing as it was Friday is the "U" shaped reversal process, essentially time.

 As you'd expect, the 15 min chart which is still a very strong underlying timeframe is even sharper in a leading negative divegrence.

As is the 10 min and you can see price turning lateral (sideways) forming the reversal process.

The same with the 5 min chart.

However to keep price in this sideways type range (there may be a proportionate head fake on the actual reversal process which would be small, but offer an even better entry and an excellent entry for put options) the faster intraday timeframes will look more like noise as they are just steering divergences to keep price from collapsing.

This is the 1 min, again, it's just noisy as it's just steering divergences, the 5 min charts and higher will continue to deteriorate in to the reversal process as we move forward.

2 min chart.

I'm just looking for this process to look mature and proportionate with the preceding trend.