If the price moves above 68,100, it is likely to retrace to a key support or liquidity zone. Based on the Fair Value Gap (FVG) and price structure concepts, here are potential retracement levels:
1. 68,100 to 67,800 (Immediate Zone):
This could act as a minor support level if the price makes a shallow retracement. It's close to the 68,000 psychological level, where buyers could step in.
2. 67,500 to 67,000 (Stronger Retracement Zone):
This area includes a previously identified Fair Value Gap and previous support/resistance. If the market structure is bullish, this zone might act as a stronger demand zone for a potential bounce.
3. 66,800 to 66,300 (Deep Retracement):
This is the lower boundary of the larger Fair Value Gap identified earlier. If price retraces deeply, it may seek to fill this gap, providing a higher-probability entry for buyers looking for price to resume the uptrend.
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