Jun. 29 at 6:03 PM
$ANNA a good example of how Fibonacci should be used in swing trading when you separate structure from prediction.
The 0.382 to 0.618 retracement acted as the key re-accumulation zone where sellers lost momentum and buyers regained control. The reclaim of the 0.786 level confirmed that the pullback was corrective rather than a full trend reversal.
From there, price expanded into the 1.272 and 1.414 extension zones, which acted as natural areas for profit-taking and increased volatility. The move ultimately tagged the 1.618 region near 9.88, which functioned as a high-probability exhaustion zone rather than an exact target, before briefly overshooting toward the 10.60 high and then reversing sharply.
The key lesson is that Fibonacci levels do not predict exact tops or bottoms. They define zones where behavior changes. Retracements help identify where risk becomes favorable again in trend continuation, while extensions highlight areas where momentum typically slows and liquidity is taken.
