Hi everyone,
I’ve been backtesting some price action strategies over the last few months, and the current market setup is showing some textbook patterns that I think are worth discussing. Whether you are looking at $SPY, $BTC, or major tech stocks, the rejection support at the current Fibonacci levels is getting interesting.
I’ve just compiled a full deep-dive analysis on my platform where I break down:
- Key Resistance Zones: Why the current consolidation might be a trap for bulls.
- Volume Profile: Where the “smart money” is actually sitting right now.
- Moving Average Convergences: What the daily vs. weekly timeframes are telling us.
I’m trying to keep the analysis as objective as possible, focusing purely on the charts without the macro noise.
You can check out the full technical breakdown and the interactive charts here: 👉www.technical-analysis-pro.com
I’d love to get your thoughts on this. Do you think we are seeing a Wyckoff accumulation here, or is this just a relief rally before another leg down?
Let’s discuss in the comments!
submitted by /u/Certain_Long_1707 to r/technicalanalysis
[link] [comments]