Dark Cloud Cover of NFLX

• NFLX was Down yesterday followed by a dark cloud cover pattern in the stock.
• The dark cloud cover is a bearish reversal pattern with high reliability. But one look at the chart shows 3 prominent occurrence of the same pattern which was followed by a correction.
• The Dark cloud covers patterns of NFLX has given good correction but the stock is still in a structural bull market. Trend line drawn in daily chart is yet to be violated.
• So yesterday's bearish pattern may give a correction but the long term view of the stock is still bullish.
• READING ON DARK CLOUD COVER AND PIERCING LINE PATTERN