The 2nd legFibonacci Golden Zone Pullback & Shorting Opportunities
Price is pulling back into the Golden Zone of the Fibonacci retracement, filling the imbalance and tapping into a supply zone. This area is key for potential reversals creating a lower high.
🔍 What to watch for:
✅ Bearish Rejections – Engulfing candles or wicks signaling weakness
✅ Market Structure Shift – Lower highs & lower lows forming
If we see strong rejection and confirmation, this could be a prime shorting opportunity for the next leg down.