NFLX Update Still waiting

NFLX seems to have found some support the 38.2 level, but i plan on staying on the side lines and wait for a further decline in price before i pull the trigger on long position, why?
- i need price to pullback and test the previous high
- with some states "re-opening" soon, i don't think their will be a significant increase in user subscriptions
-the weekly candle appears to be making an indecision/reversal candle

snapshot


FibonacciSupply and DemandTrend Analysis

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