ATOM has been quite strong but now at a key resistance. First and most dangerous zone for possible "lower high". Above are a few more hurdles before new ATH thoughts.
Plotted here are 3 fib series from different timeframes. Thick lines are very high timeframe and most important. Red lines are local wave down, and gold+blue the bounce.
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I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7: