Thoughts on JD.com?

On the H4, with prices moving within a descending channel and below the ichimoku indicator, we have a bearish bias that prices will drop from sell entry at 229.0 where the pullback resistance and 23.6% fibonacci retracement are to the take profit at 189.4 where the swing low support, 78.6% fibonacci projection and -61.8% fibonacci expansion are. Alternatively, prices could break entry structure and rise to stop loss at 269.6 where the swing high resistance, 78.6% fibonacci retracement, 161.8% fibonacci extension and -61.8% fibonacci expansion are.

Entry:229.0
Take Profit:189.4
Stop Loss: 269.6