Potential bearishness on JD?

Hey guys!

I personally think theres still some room for bearishness with the recent break of the support (our entry) and how price is moving below the ichimoku cloud. Hoping for price to pullback and retest at 230.2 where our entry is lined up with the 50% Fibonacci retracement and pullback resistance and probably play it to the next swing low at 213.2. I'll have my stop loss tight at 195 where the last swing high was which aligns with the 50% Fib retracement.

Entry: 230.2

Take Profit: 213.2

Stop Loss: 195