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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.