$Netflix(NFLX)$ Netflix looks to be basing inside the falling wedge. Currently, it's pushing up against the upper trend line. If you zoom out the chart, you will find that the stock has checked back to multi-year uptrend line that was started since 2013. Even with basing side way move the stock is tracking along upper trend line for the past several days. This basing side way action can resolve to reversal or continuation to the next leg down.
If the price breaks down, the stock could head to $129 area. On the other hand, if the reversal to occur, it could head to $227 area.
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