🔍 Initial Strategy – Buying from the 50% Fibonacci Zone

In the first chart setup, the strategy was based on a smart confluence of technical elements:

• 🔸 Price had retraced to the 50% Fibonacci level following a prior downtrend, signaling a possible corrective move.

• 🟢 There was a demand zone at that level, showing previous strong buying interest.

• 📐 The lower boundary of a flag/wedge formation aligned perfectly with this Fib level, hinting at a breakout opportunity.

• 🔁 A bullish Change of Character (CHoCH) had just formed, suggesting a structural shift from bearish to bullish momentum.

• 📊 Supporting evidence: bullish candles forming at support and a low-volume pullback, ideal for catching a breakout early.

👉 The plan: Enter long at or just above the 50% level, with stop-loss below the wedge and targets toward 61.8% and beyond.

✅ How the Second Chart Validates the Strategy

In the updated chart:

• ✅ Price respected the 50% zone and reversed upward, triggering the planned buy entry.

• 🚀 The wedge pattern broke to the upside, confirming the structural breakout.

• 📈 A second CHoCH formed, reinforcing that bulls had regained control.

• 🎯 Price reached the 61.8% target zone and was pushing toward extended Fibonacci projections (e.g. -100%).