OIL - Key Fibonacci Levels and Potential Market Moves

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This chart presents a detailed technical analysis of Crude Oil Futures on the 1D timeframe, highlighting key Fibonacci levels, Fair Value Gaps (FVGs), and potential price movements.

Key observations:
- The price is currently around $71.44, moving towards a key decision zone.
- A significant Fibonacci retracement zone (0.618 - 0.65) is marked near $74, aligning with a key resistance area.
- The "Golden Pocket" from the greater downtrend remains a crucial area to watch for a potential reversal.
- Two Fair Value Gaps (FVG & IFVG) are identified, which could act as liquidity zones.

Possible Scenarios:
🟢 Option 1: Bullish breakout, price moves above $74 and continues toward $78+ levels.
🔴 Option 2: Rejection from resistance, leading to a potential pullback below $70.
🔴 Option 3: Strong rejection, price drops back towards the Fibonacci 0 level (~$64).

Which option do you think is most likely? Let me know your thoughts! 🚀📉

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