The Bears are still grinding price down slowly toward the 618 golden pocket. And that is where things get interesting.
The real question is this. If the Bears reach that golden zone, will the Bulls actually be there to defend it?
A lot of Fibonacci traders have their eyes locked on this area, waiting to bounce price. But how patient are they really at this point? That patience has been tested.
Are the Bulls willing to let price sweep the lows first, setting up a clean 1D divergence, just to get a better shot at pushing price back toward the Macro Range? Because if they are, that kind of move would trap a lot of Bears.
But until price shows its hand, all of that is just potential.
For now, this is a waiting game. And in the Jungle, waiting is part of the job.
The real question is this. If the Bears reach that golden zone, will the Bulls actually be there to defend it?
A lot of Fibonacci traders have their eyes locked on this area, waiting to bounce price. But how patient are they really at this point? That patience has been tested.
Are the Bulls willing to let price sweep the lows first, setting up a clean 1D divergence, just to get a better shot at pushing price back toward the Macro Range? Because if they are, that kind of move would trap a lot of Bears.
But until price shows its hand, all of that is just potential.
For now, this is a waiting game. And in the Jungle, waiting is part of the job.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.