12h time frame - MATIC is creating a potential double bottom structure. Taking a step forward to the lower time frame, MATIC just retested 0.5 Fibonacci Projection, which final target is 1.47. Also, use Fibonacci Extension on the wave from 1.568~0.492, it shows the first target at 1.44, which is closer to target from Fib Projection, and 1.44~1.47 is the neckline of this potential double bottom. Further, if MATIC complete this double bottom, final target will be 2.64. - TP: 1.44~1.47 SL: 0.7145