One of the early signs of an impending bearish market?

Yes, I understand that competitors are crowding the market,  content production costs are rising, and a good portion of retail investors are uncertain about the cost of living. All these are throwing a damper over their future prospects. But the bigger question is ...is something brewing beneath?

Trendline indicates that NFLX will plunge a bit more, likely punctuating the EMA90 before rises again if historical patterns repeats.

But...even from the price movement, we can still see that there is more consolidation and indecisiveness in the market in the recent cycle compared to the previous 2.

So... what do you think of the broader market by observing trends like these.