$FIL – Clean Retracement Into Key Fibonacci Levels
$FIL has completed a clean pullback on the 4H chart, tapping directly into the key Fibonacci retracement cluster that aligns with the current bullish structure. Price is now trading around $1.02, showing early signs of strength after reacting from the deeper retracement levels.
The most important levels on this chart are the 0.5 and 0.618 retracements, sitting at $0.986 and $0.958. These levels form the core of the retracement zone where buyers typically step back in during a healthy correction. The chart also shows the 0.382 at $1.000 and the 0.786 at $0.910, completing the full retracement structure.
With price holding above the 0.5 and 0.618 levels, the structure favors a continuation toward the next major resistance at $1.166.
📈 Key Fibonacci Levels
0.382 retracement: $1.000
0.5 retracement (key level): $0.986
0.618 retracement (key level): $0.958
0.786 retracement: $0.910
📈 Upside Target
Major resistance: $1.166
A sustained hold above the $0.986–$0.958 zone confirms that buyers are defending the retracement cluster. If momentum continues to build, a move toward $1.166 becomes the next logical leg in the structure.
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