1. Previous 2 lower peak (point B & D ) are of 61.8% retracement 2. Yellow area (point E ) are formed by coincide of several fibo 3. Green area (point G ) are formed by coincide of several fibo, it is also 38.2% of previous low of big movement (weekly chart) It could go further down, but green area is the best point to stop as it could go up again after rest...
This is my first time posting idea in TV, only trade it when it reach point D B point is close above 61.8% XA retracement but haven't reach 78.6%. C point is close above 50% AB retracment but below 61.8%. D point is confluence ratio of 2.24% AB extension & 1.618% XA extension.