$NFLX is oversold and I'm still leaning short. Not chasing here. I'm waiting for a bounce into the zone where the earnings gap, broken support and the midpoint of the last leg down overlap. Oversold explains a bounce. It doesn't explain a trend change. The earnings gap broke the prior swing low on heavy volume. A weak bounce, then a new low. Why I lean short: - Three of four technical methods point down, and they flag the same area. - Moving averages are stacked bearish on the 4h and daily, with lower highs on both. - Post-earnings guidance and target cuts point the same way. Separate methods agreeing on one zone is where sellers tend to show up. Wyckoff read: this looks like markdown. The gap was a sign of weakness on outsized volume. The rebound came on shrinking volume: a last point of supply. The new lows printed on less volume than the gap day, so I don't see a selling climax yet. I'm wrong if price clears the first post-earnings bounce high. That breaks the lower-high structure, and the "drop already ended" count takes over. Risks: the Fed decision lands in the next session and can whip through the zone. If it falls without bouncing, there's no entry. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.