$FIL Starting to recover, but resistance has not been decisively broken.
FIL is trading around $1.10 based on the latest available data. After a sharp correction from the $1.21 area, the price is approaching a key supply zone again.
On the weekly timeframe, the $1.14–1.21 area remains the main resistance. On the daily timeframe, $1.10–1.16 is the area that needs to be reclaimed, while $1.06–1.08 is the nearest support.
Bullish: If FIL breaks above $1.16 and holds, it could retest $1.21.
Bearish: If it fails to break through supply and then loses $1.06, the risk of a further correction increases.
Don’t mistake a bounce for a trend reversal. Confirmation matters more than chasing momentum.
FIL is trading around $1.10 based on the latest available data. After a sharp correction from the $1.21 area, the price is approaching a key supply zone again.
On the weekly timeframe, the $1.14–1.21 area remains the main resistance. On the daily timeframe, $1.10–1.16 is the area that needs to be reclaimed, while $1.06–1.08 is the nearest support.
Bullish: If FIL breaks above $1.16 and holds, it could retest $1.21.
Bearish: If it fails to break through supply and then loses $1.06, the risk of a further correction increases.
Don’t mistake a bounce for a trend reversal. Confirmation matters more than chasing momentum.