V-Shaped Recovery Testing Crucial $1,640–$1,690 Confluence Zone Sandisk CorporationBATS:SNDKSoloTraderAUFollowing a steep 57% macro correction from the historic $2,354.39 peak down to the $998.19 demand floor, SanDisk Corporation (SNDK) has printed a fierce V-shaped recovery back up to $1,641.11 (+7.39%). Price is currently testing a major horizontal resistance node and key Fibonacci confluence level (highlighted in yellow). 🔑 Key Technical & Structure Observations Market Structure & Doji Candle Analysis: The $998.19 low executed a major liquidity sweep, establishing a firm V-bottom base. Friday’s candle printed a High-Volume Doji / Spindle (Open: $1,646.93 | High: $1,667.19 | Low: $1,565.00 | Close: $1,641.11). This signals an intra-day tug-of-war: sellers took profits at $1,667, but aggressive buyers stepped in on the dip to $1,565 to pull price back to the open. Fibonacci Confluence Zone: $1,512.85 (0.382 Fib): Calculated from the $2,354.39 top to $998.19 bottom. Cleanly reclaimed during Friday's expansion. $1,640.68 – $1,691.86 (0.500 Fib): Current overhead wall (confluencing with Friday's Doji high). $1,825.91 (0.618 Golden Pocket): The primary macro target if overhead supply is cleared. Volume Confirmation: Expansion volume hit 21.0M shares (vs. 13M average), confirming heavy institutional accumulation throughout the rally. 📊 Trade Execution & Scenarios ================================================== VERDICT: Bullish Momentum — Wait for Confirmation / Pullback 🟢 Scenario A (Breakout Continuation): Entry Trigger: Daily close above $1,691.86 (Doji high / 0.5 Fib). Target 1: $1,825.91 (0.618 Fib) Target 2: $2,048.77 (0.786 Fib) 🔵 Scenario B (Pullback Retest — Optimal R:R Entry): Entry Zone: $1,512.85 – $1,565.00 (0.382 Fib / Friday's Doji Low) Stop Loss: $1,427.00 (Logical structure low) Target 1: $1,691.86 Target 2: $1,825.91 Risk/Reward: ~1 : 2.85 ⚠️ What Makes This Trade Wrong? (Invalidation) A daily close below $1,427.00 invalidates the V-recovery setup, opening risk for a deeper breakdown toward $1,214.00. 💡 Do not chase long entries directly into 0.5 Fib resistance following a Doji print. Let the market confirm a breakout above $1,691.86 or give us a disciplined dip to $1,512. Capital preservation first!