After touching the 1.618 fib level, the extension of this rally is completed.
Technical Reasons to be (aggressively) short
- Rejection at 1.618 fib level
- breaking upward channel with retest
- breaking the previous Week Low
Fundamental reasons
- Multiple cases across the world
- $3 Billion fine from EU just for one Case, 2nd fine looms ahead
- It seems like the DOJ can't sleep until Google gets punch in the liver
- Uncertainty of the Economic landscape
Why $185?
alignment of the upward trend since April, and is a perfect entry point for a long position
This Scenario is invalidated if
- This week closes above 256
Technical Reasons to be (aggressively) short
- Rejection at 1.618 fib level
- breaking upward channel with retest
- breaking the previous Week Low
Fundamental reasons
- Multiple cases across the world
- $3 Billion fine from EU just for one Case, 2nd fine looms ahead
- It seems like the DOJ can't sleep until Google gets punch in the liver
- Uncertainty of the Economic landscape
Why $185?
alignment of the upward trend since April, and is a perfect entry point for a long position
This Scenario is invalidated if
- This week closes above 256
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.