Looking at the 4 main stocks I track every day from L-R (FB, NVDA, AAPL, NFLX) only NFLX was breaking below a flat support line. FB still in uptrend, NVDA approaching flat support line, AAPL uptrend. This provided the CONTEXT to look to short NFLX with a high probability Price Flow setup.
From a price action standpoint, the NFLX break below support coincided with a Price Flow GO sell trade at 329 and price reached an immediate low of 326.70.
Having missed that trade but knowing with high probability another push down to 326.70 was likely, I sold the first pullback at 328.31 (Arrow at entry) and scaled out at 326.70 (Arrow 2) when price moved to the lower target as expected to set up a no risk trade as I watched the early NFLX downtrend unfold.
From a context standpoint it is very powerful when a stock first breaks support or resistance. This sets up high probability for continuation. The overall trend for NFLX is still UP so expectation is for buying to come in at lower prices. A break below support would be even more powerful if the NFLX trend was DOWN. Either way, a break below support setups a high probability no risk short day trade.