Fibonacci Golden Zone Pullback & Shorting Opportunities
Price is pulling back into the Golden Zone of the Fibonacci retracement, filling the imbalance and tapping into a supply zone. This area is key for potential reversals creating a lower high.
🔍 What to watch for:
✅ Bearish Rejections – Engulfing candles or wicks signaling weakness
✅ Market Structure Shift – Lower highs & lower lows forming
If we see strong rejection and confirmation, this could be a prime shorting opportunity for the next leg down.
Price is pulling back into the Golden Zone of the Fibonacci retracement, filling the imbalance and tapping into a supply zone. This area is key for potential reversals creating a lower high.
🔍 What to watch for:
✅ Bearish Rejections – Engulfing candles or wicks signaling weakness
✅ Market Structure Shift – Lower highs & lower lows forming
If we see strong rejection and confirmation, this could be a prime shorting opportunity for the next leg down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.