FIL has been consolidating around a critical resistance level, and the setup here looks promising. As I've mentioned before, a clean breakout through this zone should trigger the next leg up—we're talking about testing fresh highs.
For those who've been following my analysis, you know I lean heavily on Fibonacci ratios and structured price targets. This isn't guesswork; it's pattern recognition based on historical market behavior. The confluence of Fibonacci levels with current price action is looking increasingly favorable.
The key is patience and confirmation. Once we clear that resistance decisively, the momentum shift will likely be swift. Until then, watch the volume profile and how price interacts with the critical support zones below.
FIL has been consolidating around a critical resistance level, and the setup here looks promising. As I've mentioned before, a clean breakout through this zone should trigger the next leg up—we're talking about testing fresh highs.
For those who've been following my analysis, you know I lean heavily on Fibonacci ratios and structured price targets. This isn't guesswork; it's pattern recognition based on historical market behavior. The confluence of Fibonacci levels with current price action is looking increasingly favorable.
The key is patience and confirmation. Once we clear that resistance decisively, the momentum shift will likely be swift. Until then, watch the volume profile and how price interacts with the critical support zones below.