Bearish Continuation After Trendline Breakdown & Retest

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Bearish Continuation After Trendline Breakdown & RetestMcDonald's CorporationBATS:MCDJazzy_DaysPrice cleanly broke below the multi-year support line and completed a retest from below. Failure to reclaim the trendline confirms strong selling pressure. EMA 200 Rejection: The price is trading well below the 200 EMA ($284.30), which is sloping downward and acting as dynamic overhead resistance. Fibonacci Retracement Targets: 0.382 Fib ($247.91): Initial downside target/support level. 0.5 - 0.618 Golden Pocket Zone ($220.95 – $193.99): Major demand area and key target zone.