Ideally we would want to see it drop to the .618 and find support before it moons.
If it doesn't drop that far then look for confirmed support on the .786.
As it stands right now on the daily chart the .618 FIB and 50 day moving average are kissing. So in addition to the FIB, look for support at the 50 day moving average.
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Found support and shot up. Hope you guys got some profits.
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Wow, this really went for a ride. Hope you got in on the .786 when support/breakout was confirmed! Huge profits!