📉 Price Analysis Update – ABC Pattern with Fibonacci Levels 🔍

(May Market Insight – 5 Liner Post)

1️⃣ Pattern Formed: The chart shows a classic ABC correction pattern, where price peaked at A, dropped to B, and retraced up to C.
2️⃣ Current Status: The price is expected to decline again after point C, continuing the corrective wave.
3️⃣ Key Levels: Watch closely for support around Fib 0.500 (21.23) and Fib 0.618 (21.73).
4️⃣ Target Zone: Possible bounce from Fib 0.236 - 0.382 levels (20.23 - 20.73) as shown by the purple zone and bounce arrow.
5️⃣ RSI Insight: RSI remains low, indicating bearish momentum, but a reversal could be near support.