Feb 3 • General discussion
$GOOG
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
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