Atul Auto | MTF Fibonacci Confluence structures

Weekly Chart Analysis
– Drew a multi-timeframe Fibonacci from the 119.35 low (Mar ’20) to the 844.60 high (Oct ’24) on the Monthly time frame .
– Highlighted the 50–61.8% retracement zone (481.95–396.40) as an orange supply/demand area.
– Circles mark historical pivots where price reacted as support or resistance within this zone.

Key Observations
-Price consistently respected the 50–61.8% band during prior rallies and pullbacks.
-Recent price action formed a contracting triangle (CT) at the lower edge of the Fibonacci zone.
-Volume contraction noted inside the triangle, suggesting supply–demand equilibrium.

Disclaimer: This analysis is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and you should perform your own research and consider your risk tolerance before making any trading decisions.