MACD is pushing into oversold territory while price is currently tagging the 1.618 measured move from the highlighted yellow range on the higher timeframe. This area often acts as a potential exhaustion zone, where we look for signs of a corrective leg or change in structure rather than continuation. In the second chart (shorter timeframe), you can see a confluence stack between the 1.50 and 1.618 extensions from the most recent minor retrace — reinforcing this level as a decision zone across multiple timeframes. Bias: Neutral-to-cautious here — waiting for confirmation before positioning. #GOOG #Fibonacci #MarketStructure #MACD #Confluence #TechnicalAnalysis