Fibonacci Retracements

Several closely watched dollar and commodity setups have reached important technical zones, forcing traders to reassess whether recent moves are exhausted or still have room to extend. Cocoa and wheat sellers have delivered major downside objectives, while dollar bulls and palladium bears now face confirmation levels that could define the next phase.

The Nasdaq 100 is trading in a compressed volatility setup, with Bollinger Bands tightening around the index as Elliott Wave scenarios point to sharply different outcomes. Technical traders are watching 30,195 as a key bullish confirmation area, while weakness below the lower band could revive downside targets near 27,732 and 26,900.