..., do we expect third one (??!)...
btw, we’ve got two bearish weekly candles.., do we expect third one (??!)
{quote} Yes?
{quote} i don’t think so.., but in this case we are going to 2750th.., aren’t we /???/ cause imo, the only area left by gold without “precise” retest…
{quote} Let's make a deal: You will wait for a bullish week, I will hope for a bear week.
Market Structure Overview:
50% Fibonacci retracement is acting as a decision point, where price is hovering and consolidating. A clean breakout or rejection here will define the next move.
The presence of green bullish candles shows buying pressure, but follow-through momentum hasn’t confirmed yet.
38.2% and 23.6% levels may serve as key support zones in case of a retracement.
Scenario 1: Bullish Continuation
Entry (Buy): On a strong candle closing above the 50% Fibonacci level.
Target: First TP at 61.8%, extended TP at the next major resistance.
Stop Loss: Below the 38.2% level or the most recent swing low.
Ideal if volume increases during breakout—watch for confirmation with price action signals.
Scenario 2: Bearish Rejection
Entry (Sell): If price fails to break above 50% and forms strong bearish rejection candles. Target: 23.6% level first, and then previous lows (0%). Stop Loss: Just above 50% or above the wick of the reversal candle.
This would mark a return to the prevailing bearish trend, offering clean downside opportunities.
Pro Tip – Watch for a Fakeout
If price briefly breaks above the 50% zone but quickly reverses, this could be a great sell opportunity with tight risk, especially if combined with divergence or volume drop.
{quote}... do you think they can afford this/?/.., third bear… wish you well
{quote} …hope it will goes down.
