Talabat Weekly Correction for Healthy Upside towards 2.0-2.2 ??Talabat Holding PlcDFM_DLY:TALABATwish_fundTALABAT 📊 Healthy Correction After Fibonacci Target Completion The stock has entered a healthy corrective phase after successfully achieving the 0.786 Fibonacci retracement target of the 0.60 → 1.59 impulsive swing. Rather than chasing price, it's time to focus on key support levels where the next high-probability setup may emerge. 🔹 Current Market Structure ✅ The 0.786 Fibonacci target has been achieved. 📉 Price is now correcting within the broader trend. 🟢 The 1.13–1.10 zone is currently acting as immediate support. 🔹 Key Support Levels to Watch 1.10–1.13: Initial demand zone where buyers are attempting to defend price. 0.98: Major support, reinforced by the Daily EMA 200, making it a critical level for trend continuation. A period of consolidation between 0.98 and 1.10 would be technically healthy before the next directional move. 🔹 Bearish Scenario If sellers manage to break and sustain below 0.98, the probability of revisiting the 0.618 Fibonacci retracement increases. 📍 High-probability demand zone: 0.90–0.88 This area represents a potential discounted buying zone where institutional demand may re-enter the market. ⚠️ Risk Management If you're planning to build positions around the 0.90–0.88 support zone: ✅ Wait for confirmation before entering. ✅ Use a strict stop-loss without exception. ✅ Position sizing and disciplined risk management are essential, especially if the broader market remains volatile. 💡 Final Thoughts The current pullback appears to be a technical correction following the completion of a major Fibonacci objective. As long as key support levels hold, the broader structure remains constructive. Monitor price action closely around 1.10, 0.98, and 0.90–0.88 for the next high-probability opportunity. This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and manage risk appropriately.