17-12-07: GS is heading down. $200 is next support

GS after diamond breakdown, will go to $200.

Breakdown is @ $215. Target = $200, Thus the predictive value of this diamond = $15.

daily
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15min
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17-12-07 : GOOG is due for up or down?

Last rally last till 740. We expected the same thing to happen. But it lasted till 720 only. Could anyone have seen the resistance at 720 coming? I dont think many ppl will. But the candles warning signs are there.

daily chart
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(1) Day0 a doji appears at 720 level. Bearish. Uncertainty occurs.
(2) Day1 is a shooting star. Bearish.
(3) Day2 day is Bearish engulfing
(4) Day3 sees gap up, but fall again below 700 this time.
4 days of bearish price action for day chart is enough to indicate
15min chart
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(1) 4 days of bearishness turns into a broadening bottom in 15mn chart.
(2) MACD is below 0 now.

Conclusion : I believe will retrace till 680 level.

daily
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15min
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