Price is retracing toward the 61.8% Fibonacci support level, aligning with a previous swing low and bullish order block. RSI is showing bullish divergence on lower timeframes, suggesting potential reversal from oversold territory. A nearby bullish Fair Value Gap (FVG) offers additional confluence for a possible rebound setup.
Price is consolidating near a short-term demand zone, indicating early accumulation before an upward move. Hidden bullish RSI divergence suggests increasing buying pressure within the range. A partially filled bullish FVG supports the potential for a short-term long continuation.
Price is approaching the 78.6% Fibonacci retracement zone, which aligns with a key swing high resistance. RSI is forming bearish divergence on higher timeframes, signaling weakening bullish momentum. A strong supply order block and bearish FVG near this region increase confluence for a potential short setup.
Price has swept liquidity above recent intraday highs, showing potential exhaustion of the bullish leg. A new bearish order block has developed near equilibrium within a minor supply area. Failure to sustain above this zone could lead to a short-term correction toward lower liquidity levels.
Disclaimer: This analysis is for educational purposes only; always use proper risk management before entering any trade.