Bullish Fibonacci Retracement Setup

The chart illustrates a classic Bullish Fibonacci Retracement structure — highlighting key swing points, retracement levels, and potential continuation zones.
Price action shows a healthy pullback within a larger uptrend, suggesting accumulation before a possible breakout move.

• Point A → Represents the Swing Low, marking the starting point of the current upward move.
• Point B → Denotes the Swing High, where price faced resistance before retracing.

1️⃣ Validation Line (78.60%) — Entry is confirmed when any two consecutive candles close above this level, signaling a strong breakout and bullish continuation.
2️⃣ Minimum Retracement (61.80%) — This level has been achieved, and two candles have successfully closed below it, confirming a valid retracement phase within the Fibonacci structure.
3️⃣ Devalidation Line (38.20%) — If any two candles close below this level, the Fibonacci setup becomes invalid.

Trail Levels → [123.60%, 150.00%, 178.60%, 200.00%, 223.60%, 250.00%, 278.60%]
• Stop-loss will trail two levels below the current active level.
• Each target level is confirmed only when two consecutive candles close above it successfully.