Fibonacci Zones in Play: Price Action at the Crossroads

Price Action Overview 📉

📊 We’re looking at key Fibonacci retracement levels applied to the latest down leg. Price action is testing these zones, making this a critical area to watch for potential reversals or continuation.

Key Insights:

🔹 Fibonacci Levels: Price is currently interacting with major Fibonacci support and resistance levels. These zones often indicate potential reversal points or continuation patterns. A strong rejection or breakout could set up a profitable trade.

🔹 Price Action: The market is showing signs of indecision around these key levels. It’s crucial to monitor how price behaves—whether it bounces or breaks through these levels will provide the next big move.

Trade Setup:

🔹 Critical Levels: We're watching price around these Fibonacci levels to see if it holds or breaks. A confirmed move past these zones could signal a trend reversal or continuation.

Next Steps:

💬 Keep an eye on how price reacts here. If we see strong confirmation at these levels, it could present a solid trading opportunity. Watch for clean breaks or rejections as potential signals to enter.