The 50 SMA has crossed the 20 SMA for what appears to be setting up a minor "death cross". Typically when this happens, a new trend is about to begin and in this case we are heading to the downside. The Fibs lining up with previous supports or resistance usually confirm the Fib Retracement and the 1.618 seems to align perfectly with the $236 support. Shorting until then.
Not financial advice
Not financial advice
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Video quod video
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.