Pretty much all the information is written within the chart itself.
To sum it up, from June to October 2018 there was a pattern that had developed after NFLX reached its high. There was a 7 wave move to the downside that made 4 consecutive lower lows while forming divergence on the RSI + MACD. Followed by the breakout, price hit some sort of resistance and formed an ascending triangle. These have a tendency of breaking to the upside, although in this case it broke above just slightly and then failed miserably resulting in a >10% drop. On the RSI, there was a triangle that formed as well. When the RSI broke through the support that was an early signal to short NFLX. Now fast forward to today, we have all the same points labeled on the price action as well as the RSI + MACD. There is major divergence on the MACD and RSI has broken downwards out of the triangle it was in. First short target is the first touch of the ascending triangle support (point 9). The R:R for this trade is a nice 2.17 and could result in an even larger move to the downside since this pattern is a lot larger than the first.
To sum it up, from June to October 2018 there was a pattern that had developed after NFLX reached its high. There was a 7 wave move to the downside that made 4 consecutive lower lows while forming divergence on the RSI + MACD. Followed by the breakout, price hit some sort of resistance and formed an ascending triangle. These have a tendency of breaking to the upside, although in this case it broke above just slightly and then failed miserably resulting in a >10% drop. On the RSI, there was a triangle that formed as well. When the RSI broke through the support that was an early signal to short NFLX. Now fast forward to today, we have all the same points labeled on the price action as well as the RSI + MACD. There is major divergence on the MACD and RSI has broken downwards out of the triangle it was in. First short target is the first touch of the ascending triangle support (point 9). The R:R for this trade is a nice 2.17 and could result in an even larger move to the downside since this pattern is a lot larger than the first.