Symmetrical Triangle & Golden Zone Test

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Symmetrical Triangle & Golden Zone TestAlphabet Inc. Class ABATS:GOOGLJazzy_DaysAlphabet Inc. (GOOGL) on the 4-hour timeframe is consolidating inside a large Symmetrical Triangle structure following a pull-back from its high near $408.50. Fibonacci Retracement: Measuring the major swing from around $272 pivot low to the $408.50 peak places current price right inside the key Fibonacci "Golden Zone" ($324.15 – $340.26). The critical 0.618 Fibonacci level sits around $325.00, which serves as the primary high confluence buy level. If the ascending trendline support of the symmetrical triangle is lost, the price is most likely going to visit this level.