Netflix (NFLX) has been consolidating throughout 2016. This consolidation follows a prevailing bearish swing at the end of 2015.NFLX Daily Chart 8/29(click to enlarge)Momentum is still bearish:- If we look at the overall picture since 2015, NFLX is still bearish.- Price is trading under the 200-day simple moving average (SMA).- The rSI has tagged 30, and is still holding under 60. Some bullish signs:- Although the overall picture is bearish, we can see that it has neutralized in 2016, and is perhaps developing some bullish bias.- There are a couple of falling trendlines that are broken. - We are also seeing price trying to break the August consolidation range seen in the 1H chart below.NFLX 1H Chart 8/29(click to enlarge)Bullish breakout attempt:- In the 1H chart, we can see that the latest bullish swing came from around 85.00 in July. - In the short-term, the bullish trend is still intact as the RSI holds above 40 and price holds above the cluster of 200-, 100-, and 50-hour simple moving average (SMA).- In August, price stalled under 98.00 and consolidated.- Last week, it looks like price is attempting to break out of this range, but there is still resistance around 98.