NFLX: Massive Head-Shoulder-Formation!Netflix, Inc.BATS:NFLXVincePrinceHello There, welcome to my new analysis about the Netflix stock (NFLX). Recently, I spotted major underlying factors that will be highly determining for the whole upcoming price action. The stock already dumped heavily bearishly towards the downside, almost declining over $150 B in market cap. Such a major pullback is in most cases not followed by an immediate market recovery. Most of the time, such a determining price action is likely to move on forward in the direction it came from. When looking at the chart, we can see that Netflix is about to complete this massive head-and-shoulders formation. The left shoulder as well as the head of the formation have already been completed. Netflix has this main descending trendline within the whole structure, which serves as a major resistance. Especially, when Netflix moves into this area again, it will highly likely be the origin of massive bearishness and a pullback towards the downside. This implies that the right shoulder of the whole formation will complete once Netflix pulls back from the descending resistance line towards the downside. Once this happens and Netflix breaks down below the neckline of the head-and-shoulders formation, this will be the origin of the whole bearish continuation setup as it is marked within my chart. This setup will be the perfect entry zone for a potential entry on the short side. Once the whole formation has been completed, the target area of 60 will be activated. Especially when there is a breakdown with high bearish volatility, this will be the origin of a massive bearish continuation. It will be interesting to watch how Netflix completes this whole formation and continues to reach the target zones. Once the targets are reached, there could be a continuation towards the downside if bearish volatility is high enough. There are also many fundamental factors that make Netflix a bearish stock. One of them is that Netflix as a company faces major critique because of its $72B Warner Bros. deal. Members of Congress call it an "antitrust nightmare". They also define it as a bad business move. Such actions are likely to attract more and more bearish volume moving into the market. As massive bearish deal structures are likely to increase such dynamics. With this being said, it is great to consider the important trades upcoming. We will watch out for the main market evolutions. Thank you very much for watching!