In this example, we will use the 9/28/26 bearish candle.
Don't use the wicks. The wicks represent potential overbought/oversold areas.
The Fibonacci golden zone is between the 38.2%, 50.0%, and 61.8% levels.
As you can see, the price enters the golden zone and bounces back.
If the price breaks above the 61.8% Fibonacci level, the trend is considered an uptrend.
If the price breaks below the 38.2% Fibonacci level, the trend is considered a downtrend.
In this example, since the price couldn't break above the 61.8% Fibonacci level, it means we're still in a **downtrend**.
